Deltec Asset Management LLC Acquires Shares of 11,500 Coupang, Inc. (NYSE:CPNG)

Deltec Asset Management LLC acquired a new position in Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,500 shares of the company's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its holdings in Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company's stock worth $666,621,000 after purchasing an additional 6,584,910 shares in the last quarter. Coronation Fund Managers Ltd. grew its position in shares of Coupang by 139.1% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company's stock worth $118,258,000 after buying an additional 2,802,325 shares during the period. Wellington Management Group LLP increased its stake in shares of Coupang by 43.2% in the 3rd 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 in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Coupang by 762.2% during the 3rd 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. Finally, Ninety One UK Ltd bought a new position in Coupang during the fourth quarter worth $46,388,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Down 0.9 %

Shares of Coupang stock traded down $0.21 during trading hours on Friday, reaching $23.65. The company's stock had a trading volume of 8,399,807 shares, compared to its average volume of 5,871,385. The company has a market capitalization of $42.54 billion, a P/E ratio of 41.49, a P/E/G ratio of 43.21 and a beta of 1.11. The stock's fifty day simple moving average is $22.94 and its two-hundred day simple moving average is $23.50. Coupang, Inc. has a one year low of $14.10 and a one year high of $26.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Analyst Ratings Changes

Separately, Citigroup decreased their price target on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One 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.com, Coupang has an average rating of "Moderate Buy" and an average price target of $27.56.

Insider Buying and Selling

In related news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction 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 completion of the sale, the vice president now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction on Monday, November 11th. The stock was sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,009,234 shares of company stock worth $344,761,515 in the last quarter. Insiders own 13.60% of the company's stock.

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.