Fox Run Management L.L.C. Raises Stake in Coupang, Inc. (NYSE:CPNG)

Fox Run Management L.L.C. lifted its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 197.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,883 shares of the company's stock after buying an additional 47,756 shares during the period. Fox Run Management L.L.C.'s holdings in Coupang were worth $1,580,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang in the 4th quarter worth approximately $26,000. Brooklyn Investment Group bought a new stake in shares of Coupang during the 3rd quarter valued at about $28,000. Berbice Capital Management LLC purchased a new position in shares of Coupang during the fourth quarter worth about $31,000. Allworth Financial LP lifted 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 worth $45,000 after acquiring an additional 1,986 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Coupang by 34.7% in the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after buying an additional 822 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

Coupang Trading Down 1.0 %

CPNG traded down $0.24 during trading on Tuesday, reaching $23.36. The company had a trading volume of 1,908,553 shares, compared to its average volume of 8,314,093. 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 has a 50 day simple moving average of $23.44 and a 200-day simple moving average of $23.94. The stock has a market cap of $42.17 billion, a P/E ratio of 41.03, a PEG ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 52 week low of $17.34 and a 52 week high of $26.91.

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Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the firm's 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 owns 136,806 shares of the company's stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 259,234 shares of company stock worth $6,069,015. 13.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup dropped their target price on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Barclays set a $35.00 price target on Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. Mizuho boosted their target price on Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $29.17.

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.