Oaktree Fund Advisors LLC Buys Shares of 25,403 Coupang, Inc. (NYSE:CPNG)

Oaktree Fund Advisors LLC bought a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 25,403 shares of the company's stock, valued at approximately $558,000. Coupang accounts for 0.9% of Oaktree Fund Advisors LLC's investment portfolio, making the stock its 20th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. acquired a new position in Coupang during the fourth quarter worth $26,000. Brooklyn Investment Group purchased a new stake in Coupang during the 3rd quarter worth approximately $28,000. Berbice Capital Management LLC acquired a new stake in shares of Coupang in the 4th quarter worth $31,000. Allworth Financial LP boosted its position in shares of 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 acquiring an additional 1,986 shares during the last quarter. Finally, Signaturefd LLC grew 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 during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Coupang 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 owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction dated 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 owns 136,806 shares of the company's stock, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

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Coupang Price Performance

Shares of NYSE CPNG traded down $0.89 during trading on Thursday, hitting $21.60. 4,630,345 shares of the company were exchanged, compared to its average volume of 8,004,121. The firm's fifty day moving average price is $23.52 and its 200 day moving average price is $23.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The company has a market cap of $39.00 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $26.91.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. 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 research note on Wednesday, February 26th. Mizuho raised 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 objective on shares of Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Citigroup cut their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $29.17.

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.