Anthracite Investment Company Inc. Makes New Investment in Coupang, Inc. (NYSE:CPNG)

Anthracite Investment Company Inc. purchased a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 97,500 shares of the company's stock, valued at approximately $2,143,000.

A number of other institutional investors have also modified their holdings of the company. FMR LLC lifted its position in Coupang by 32.0% during the third quarter. FMR LLC now owns 27,153,608 shares of the company's stock worth $666,621,000 after buying an additional 6,584,910 shares during the period. State Street Corp boosted its position in shares of Coupang by 1.9% in the third quarter. State Street Corp now owns 14,125,599 shares of the company's stock worth $346,783,000 after acquiring an additional 259,400 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Coupang by 43.2% in the third 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 last quarter. Coronation Fund Managers Ltd. grew its holdings in Coupang by 53.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock valued at $162,292,000 after purchasing an additional 2,566,581 shares during the period. Finally, Geode Capital Management LLC increased its position in Coupang by 0.5% during the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock worth $144,483,000 after purchasing an additional 29,164 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

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Coupang Stock Down 5.1 %

Shares of CPNG stock traded down $1.21 on Friday, hitting $22.32. The stock had a trading volume of 7,408,783 shares, compared to its average volume of 8,448,424. Coupang, Inc. has a 52-week low of $17.67 and a 52-week high of $26.91. The firm has a market capitalization of $40.29 billion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 52.20 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The stock's 50 day moving average is $23.52 and its 200-day moving average is $23.95.

Insider Transactions at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the transaction, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. This represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $5,857,500.00. Following the completion of the sale, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 259,234 shares of company stock valued at $6,069,015. 13.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a report on Wednesday, February 26th. Barclays set a $35.00 price target on Coupang and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Mizuho increased their target price on shares of Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.