HMI Capital Management L.P. Has $256.34 Million Position in Coupang, Inc. (NYSE:CPNG)

HMI Capital Management L.P. grew its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,662,498 shares of the company's stock after purchasing an additional 470,000 shares during the period. Coupang accounts for about 12.9% of HMI Capital Management L.P.'s investment portfolio, making the stock its 2nd largest position. HMI Capital Management L.P. owned about 0.65% of Coupang worth $256,342,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CPNG. Wingate Wealth Advisors Inc. purchased a new position in Coupang in the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC purchased a new position in Coupang in the fourth quarter valued at approximately $31,000. Allworth Financial LP raised its holdings in Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after buying an additional 1,986 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Coupang by 142.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after buying an additional 1,429 shares during the period. Finally, Signaturefd LLC raised its holdings in Coupang by 34.7% in the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after buying an additional 822 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CPNG. Mizuho upgraded shares of Coupang to a "hold" rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a report on Wednesday, February 26th. Barclays set a $35.00 price objective on shares of Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Citigroup decreased 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 MarketBeat, Coupang presently has an average rating of "Moderate Buy" and an average price target of $29.17.

Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the transaction, the director now owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

Coupang Stock Performance

CPNG traded down $0.42 on Wednesday, hitting $23.13. 1,729,878 shares of the company's stock were exchanged, compared to its average volume of 7,756,465. The firm has a market cap of $41.76 billion, a PE ratio of 40.58, a P/E/G ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $26.91. The stock has a fifty day moving average of $22.54 and a two-hundred day moving average of $23.45. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

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.