Hosking Partners LLP Buys 340,855 Shares of Coupang, Inc. (NYSE:CPNG)

Hosking Partners LLP boosted its position in shares of Coupang, Inc. (NYSE:CPNG) by 58.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 926,236 shares of the company’s stock after acquiring an additional 340,855 shares during the period. Hosking Partners LLP’s holdings in Coupang were worth $20,359,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after buying an additional 6,584,910 shares in the last quarter. Coronation Fund Managers Ltd. increased its holdings in Coupang by 139.1% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock valued at $118,258,000 after acquiring an additional 2,802,325 shares during the last quarter. Wellington Management Group LLP lifted its stake in Coupang by 43.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after purchasing an additional 2,603,046 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Coupang by 762.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company’s stock valued at $68,710,000 after purchasing an additional 2,474,175 shares in the last quarter. Finally, Ninety One UK Ltd purchased a new position in shares of Coupang during the fourth quarter valued at about $46,388,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Coupang Trading Down 5.0 %

NYSE:CPNG opened at $23.75 on Friday. 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 firm has a fifty day simple moving average of $23.20 and a 200-day simple moving average of $23.87. Coupang, Inc. has a 12 month low of $17.32 and a 12 month high of $26.91. The company has a market capitalization of $42.72 billion, a P/E ratio of 41.67, a PEG ratio of 52.20 and a beta of 1.11.

Insiders Place Their Bets

In other news, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction dated 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 directly owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.60% of the stock is currently owned by insiders.

Coupang Profile

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.