11,748 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda bought a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,748 shares of the company's stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPNG. Price T Rowe Associates Inc. MD increased its position in Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock valued at $1,663,594,000 after acquiring an additional 17,123,637 shares during the last quarter. FMR LLC boosted its stake in shares of Coupang by 9.1% during the 4th quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after purchasing an additional 2,465,973 shares during the period. Dodge & Cox grew its holdings in Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock valued at $444,640,000 after purchasing an additional 123,900 shares during the last quarter. Norges Bank purchased a new stake in Coupang in the 4th quarter worth about $404,896,000. Finally, HMI Capital Management L.P. lifted its stake in Coupang by 4.2% in the fourth quarter. HMI Capital Management L.P. now owns 11,662,498 shares of the company's stock worth $256,342,000 after purchasing an additional 470,000 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Up 2.7 %

Shares of CPNG traded up $0.64 during mid-day trading on Friday, hitting $24.11. The company's stock had a trading volume of 5,618,806 shares, compared to its average volume of 7,724,070. 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's 50-day moving average is $22.48 and its 200-day moving average is $23.43. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $26.91. The firm has a market capitalization of $43.53 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 52.20 and a beta of 1.09.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded 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. Barclays set a $35.00 target price on Coupang and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Citigroup cut their price target on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.17.

Insiders Place Their Bets

In other news, VP Pranam Kolari sold 9,347 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the sale, the vice president now directly owns 177,106 shares in the company, valued at approximately $4,223,978.10. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction that occurred on 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 owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 267,806 shares of company stock worth $6,274,814 over the last 90 days. Company insiders own 13.60% of the company's stock.

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.