81,455 Shares in Coupang, Inc. (NYSE:CPNG) Bought by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC purchased a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 81,455 shares of the company's stock, valued at approximately $1,790,000.

A number of other large investors have also made changes to their positions in CPNG. Advisory Resource Group increased its holdings in shares of Coupang by 1.9% in the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company's stock valued at $1,083,000 after purchasing an additional 823 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Coupang during the third quarter worth about $1,094,000. Tidal Investments LLC acquired a new stake in shares of Coupang in the third quarter valued at approximately $5,646,000. Lord Abbett & CO. LLC increased its stake in shares of Coupang by 269.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,292,886 shares of the company's stock worth $31,740,000 after purchasing an additional 942,839 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its position in shares of Coupang by 21.0% during the 4th quarter. Harbour Capital Advisors LLC now owns 28,650 shares of the company's stock worth $642,000 after purchasing an additional 4,975 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of recent research reports. Mizuho raised Coupang to a "hold" rating in a research note on Friday, April 18th. Barclays set a $35.00 target price on Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a research note on Wednesday, February 26th. Finally, Citigroup reduced their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $29.17.

Coupang Trading Down 0.0 %

Shares of CPNG stock traded down $0.01 on Tuesday, reaching $23.42. 1,735,229 shares of the stock were exchanged, compared to its average volume of 7,981,939. The stock has a market cap of $42.28 billion, a P/E ratio of 41.08, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $22.57 and a two-hundred day moving average of $23.45. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $26.91.

Insider Activity at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the transaction, the vice president now owns 136,806 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the transaction, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is 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.