Coupang, Inc. (NYSE:CPNG) Shares Bought by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 621,919 shares of the company’s stock after acquiring an additional 849 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Coupang were worth $13,670,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Wingate Wealth Advisors Inc. acquired a new stake in shares of Coupang during the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC purchased a new position in Coupang during the 4th quarter worth approximately $31,000. Allworth Financial LP raised its stake in Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after purchasing an additional 1,986 shares during the period. Signaturefd LLC lifted its holdings in shares of 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 purchasing an additional 822 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in shares of Coupang in the fourth quarter worth $80,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CPNG shares. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target on the stock in a research report on Wednesday, February 26th. Mizuho upped their target price on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Barclays set a $35.00 price target on shares of Coupang and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Citigroup dropped their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.17.

Coupang Price Performance

NYSE CPNG opened at $20.05 on Monday. 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 stock has a market capitalization of $36.19 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $26.91. The company has a 50 day moving average price of $23.46 and a two-hundred day moving average price of $23.87.

Insider Activity at Coupang

In related news, Director Benjamin Sun sold 250,000 shares of the firm’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 value of $5,857,500.00. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, the vice president now directly owns 136,806 shares of the company’s stock, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

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.