Dodge & Cox Buys 123,900 Shares of Coupang, Inc. (NYSE:CPNG)

Dodge & Cox lifted its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,229,320 shares of the company's stock after purchasing an additional 123,900 shares during the period. Dodge & Cox owned 1.12% of Coupang worth $444,640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. purchased a new position in shares of Coupang during the 4th quarter valued at about $26,000. Berbice Capital Management LLC purchased a new stake in shares of Coupang in the 4th quarter valued at $31,000. Allworth Financial LP grew its holdings in shares of Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after purchasing an additional 1,986 shares during the last quarter. Signaturefd LLC lifted its stake in Coupang by 34.7% in the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after purchasing an additional 822 shares during the last quarter. Finally, Atala Financial Inc purchased a new stake in Coupang during the fourth quarter valued at about $80,000. Institutional investors own 83.72% of the company's stock.

Coupang Stock Up 0.7 %

Coupang stock traded up $0.15 on Friday, hitting $21.38. 4,110,480 shares of the stock traded hands, compared to its average volume of 7,956,152. The business's fifty day simple moving average is $22.86 and its 200 day simple moving average is $23.58. The firm has a market cap of $38.59 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. 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, Inc. has a 1 year low of $18.16 and a 1 year high of $26.91.

Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction dated 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 transaction, the vice president now owns 136,806 shares of the company's stock, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the 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 sale, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of recent research reports. Citigroup lowered their target price on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Mizuho lifted their target price on shares of Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a research report on Wednesday, February 26th. Finally, Barclays set a $35.00 target price on Coupang and gave the stock an "overweight" rating in a research note on Thursday, February 27th. 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, the company currently has an average 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.