Hsbc Holdings PLC Has $9.89 Million Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Hsbc Holdings PLC boosted its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 37.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 449,579 shares of the company's stock after acquiring an additional 123,572 shares during the quarter. Hsbc Holdings PLC's holdings in Coupang were worth $9,890,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang in the 4th quarter valued at $26,000. Berbice Capital Management LLC acquired a new stake in Coupang in the fourth quarter valued at about $31,000. Allworth Financial LP grew its position in Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after acquiring an additional 1,986 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after acquiring an additional 1,429 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Coupang by 34.7% in the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after acquiring an additional 822 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CPNG shares. Barclays set a $35.00 price target on shares of Coupang and gave the company an "overweight" rating in a report on Thursday, February 27th. Citigroup decreased their target price on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Mizuho upgraded Coupang to a "hold" rating in a research note on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.17.

Coupang Stock Up 0.9 %

Shares of NYSE:CPNG opened at $23.44 on Monday. The business has a fifty day simple moving average of $22.61 and a 200 day simple moving average of $23.47. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $26.91. The firm has a market cap of $42.32 billion, a P/E ratio of 41.12, a P/E/G ratio of 52.20 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Insider Transactions 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 directly owns 136,806 shares of the company's stock, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

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.

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