Coupang, Inc. (NYSE:CPNG) Stock Holdings Lifted by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lifted its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 53.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,383,611 shares of the company's stock after purchasing an additional 2,566,581 shares during the quarter. Coupang accounts for approximately 9.5% of Coronation Fund Managers Ltd.'s investment portfolio, making the stock its largest position. Coronation Fund Managers Ltd. owned 0.41% of Coupang worth $162,292,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CPNG. FMR LLC raised its holdings in Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company's stock valued at $666,621,000 after buying an additional 6,584,910 shares during the period. Wellington Management Group LLP increased its position in Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company's stock valued at $211,868,000 after acquiring an additional 2,603,046 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake 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 acquiring an additional 2,474,175 shares during the period. Ninety One UK Ltd bought a new stake in shares of Coupang in the 4th quarter worth about $46,388,000. Finally, Fred Alger Management LLC purchased a new position in shares of Coupang during the 3rd quarter worth about $29,184,000. Institutional investors own 83.72% of the company's stock.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the sale, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CPNG shares. Citigroup decreased their price target on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Barclays lifted their target price on Coupang from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and an average price target of $27.78.

Coupang Stock Performance

NYSE CPNG traded up $1.34 on Thursday, hitting $24.97. 18,200,584 shares of the company's stock traded hands, compared to its average volume of 7,425,001. The firm has a market capitalization of $44.92 billion, a PE ratio of 43.81, a P/E/G ratio of 43.21 and a beta of 1.11. Coupang, Inc. has a 1-year low of $14.74 and a 1-year high of $26.91. The firm's 50-day moving average price is $22.93 and its two-hundred day moving average price is $23.59. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

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.