Davis Selected Advisers Has $129.94 Million Position in Coupang, Inc. (NYSE:CPNG)

Davis Selected Advisers lessened its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,911,885 shares of the company's stock after selling 28,793 shares during the quarter. Coupang comprises about 0.8% of Davis Selected Advisers' portfolio, making the stock its 28th largest holding. Davis Selected Advisers owned approximately 0.33% of Coupang worth $129,943,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Coupang by 4.1% in the 4th quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock valued at $253,000 after buying an additional 452 shares in the last quarter. Angeles Wealth Management LLC grew its stake in shares of Coupang by 0.8% in the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company's stock valued at $1,211,000 after acquiring an additional 459 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Coupang by 3.8% in the fourth quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock valued at $280,000 after acquiring an additional 469 shares in the last quarter. Ignite Planners LLC grew its stake in shares of Coupang by 2.5% in the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company's stock valued at $452,000 after acquiring an additional 483 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock valued at $32,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CPNG shares. Mizuho upped their price target on shares of Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Citigroup lowered 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. Barclays set a $35.00 target price on Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

Insider Buying and Selling

In other news, VP Pranam Kolari sold 8,459 shares of the company's 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.60% of the stock is owned by corporate insiders.

Coupang Price Performance

Shares of CPNG stock traded up $0.35 on Wednesday, reaching $22.33. The company had a trading volume of 8,069,615 shares, compared to its average volume of 8,808,287. The stock has a market capitalization of $40.31 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The business's 50-day moving average is $23.28 and its 200 day moving average is $23.90. Coupang, Inc. has a one year low of $17.34 and a one year high of $26.91.

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.