520,392 Shares in Coupang, Inc. (NYSE:CPNG) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 520,392 shares of the company's stock, valued at approximately $11,438,000. Coupang comprises approximately 0.4% of Quantbot Technologies LP's holdings, making the stock its 29th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Coupang by 32.0% during 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 in the last quarter. Wellington Management Group LLP lifted its holdings 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 purchasing an additional 2,603,046 shares during the last quarter. Coronation Fund Managers Ltd. boosted its position in Coupang by 53.3% during the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock worth $162,292,000 after purchasing an additional 2,566,581 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Coupang by 762.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company's stock valued at $68,710,000 after purchasing an additional 2,474,175 shares during the period. Finally, Ninety One UK Ltd bought a new position in shares of Coupang in the fourth quarter valued at approximately $46,388,000. Institutional investors own 83.72% of the company's stock.

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Insider Activity

In other news, 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 in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 250,000 shares of the 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 completion of the transaction, the director now directly owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 259,234 shares of company stock worth $6,069,015. Company insiders own 13.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CPNG shares. Barclays set a $35.00 target price on shares of Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Citigroup lowered their price target on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Mizuho boosted their price objective on Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Finally, 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 report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.17.

Coupang Stock Performance

CPNG traded down $0.17 on Tuesday, hitting $23.42. 4,800,492 shares of the stock traded hands, compared to its average volume of 8,294,547. The business has a fifty day moving average price of $23.47 and a two-hundred day moving average price of $23.95. 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 firm has a market capitalization of $42.28 billion, a PE ratio of 41.09, a P/E/G ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 52 week low of $17.55 and a 52 week high of $26.91.

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.