Barings LLC Grows Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Barings LLC boosted its position in Coupang, Inc. (NYSE:CPNG) by 22.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 51,786 shares of the company’s stock after acquiring an additional 9,390 shares during the period. Barings LLC’s holdings in Coupang were worth $1,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPNG. FMR LLC grew its stake in Coupang by 32.0% in the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after acquiring an additional 6,584,910 shares during the period. Wellington Management Group LLP grew 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 acquiring an additional 2,603,046 shares during the period. Coronation Fund Managers Ltd. grew its stake in shares of Coupang by 53.3% during the 4th quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock valued at $162,292,000 after buying an additional 2,566,581 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Coupang by 762.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company’s stock valued at $68,710,000 after buying an additional 2,474,175 shares during the period. Finally, Ninety One UK Ltd purchased a new stake in shares of Coupang during the 4th quarter valued at $46,388,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 13.60% of the stock is owned by corporate insiders.

Coupang Stock Down 1.9 %

Shares of Coupang stock opened at $22.73 on Friday. The company has a fifty day moving average price of $23.28 and a 200 day moving average price of $23.91. 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, Inc. has a twelve month low of $17.34 and a twelve month high of $26.91. The stock has a market cap of $40.88 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays set a $35.00 price objective on shares of Coupang and gave the company an “overweight” rating in a research note on Thursday, February 27th. Citigroup lowered their price objective on shares of 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 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 note on Wednesday, February 26th. Finally, Mizuho boosted their price objective on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coupang currently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Coupang Company 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.