Endowment Wealth Management Inc. Sells 2,267 Shares of Coupang, Inc. (NYSE:CPNG)

Endowment Wealth Management Inc. lowered its stake in Coupang, Inc. (NYSE:CPNG) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,903 shares of the company’s stock after selling 2,267 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Coupang were worth $459,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Coupang by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock valued at $253,000 after purchasing an additional 452 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in Coupang by 0.8% during the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock worth $1,211,000 after buying an additional 459 shares during the last quarter. IFP Advisors Inc increased its holdings in Coupang by 3.8% during the fourth quarter. IFP Advisors Inc now owns 12,734 shares of the company’s stock worth $280,000 after buying an additional 469 shares during the last quarter. Ignite Planners LLC increased its holdings in Coupang by 2.5% during the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock worth $452,000 after buying an additional 483 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

CPNG has been the subject of a number of research analyst reports. Mizuho lifted their price objective on shares of Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Barclays set a $35.00 price objective on shares of Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Citigroup reduced their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Coupang Stock Down 3.5 %

Shares of NYSE CPNG opened at $21.97 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market cap of $39.66 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 12 month low of $17.34 and a 12 month high of $26.91. The stock has a 50-day moving average price of $23.28 and a two-hundred day moving average price of $23.91.

Insider Activity

In other news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the transaction, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 13.60% of the stock is currently owned by insiders.

About Coupang

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.