Krane Funds Advisors LLC Buys 1,689 Shares of Coupang, Inc. (NYSE:CPNG)

Krane Funds Advisors LLC increased its stake in shares of Coupang, Inc. (NYSE:CPNG) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,074 shares of the company’s stock after purchasing an additional 1,689 shares during the quarter. Krane Funds Advisors LLC’s holdings in Coupang were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wingate Wealth Advisors Inc. bought a new position in Coupang in the 4th quarter valued at $26,000. Berbice Capital Management LLC bought a new position in Coupang in the fourth quarter valued at about $31,000. Allworth Financial LP increased its position in Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after purchasing an additional 1,986 shares during the period. Signaturefd LLC increased its position in Coupang by 34.7% in the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock worth $70,000 after purchasing an additional 822 shares during the period. Finally, Atala Financial Inc bought a new stake in Coupang during the 4th quarter worth about $80,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Performance

Shares of CPNG stock opened at $20.05 on Monday. The firm has a market cap of $36.19 billion, a PE ratio of 35.17, a P/E/G 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’s fifty day simple moving average is $23.46 and its 200-day simple moving average is $23.87. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

CPNG has been the subject of a number of recent research reports. Citigroup dropped their price target 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. Barclays set a $35.00 target price on shares of Coupang and gave the company an “overweight” rating in a research report 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, Mizuho boosted their price objective on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Coupang currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the sale, the director now directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the firm’s 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 completion of the sale, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.

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.