Lecap Asset Management Ltd. Buys Shares of 96,207 Coupang, Inc. (NYSE:CPNG)

Lecap Asset Management Ltd. acquired a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 96,207 shares of the company's stock, valued at approximately $2,115,000.

A number of other hedge funds also recently made changes to their positions in CPNG. Pacer Advisors Inc. raised its position in Coupang by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock worth $253,000 after purchasing an additional 452 shares in the last quarter. Ignite Planners LLC lifted its position in shares of Coupang by 2.5% during the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company's stock worth $452,000 after buying an additional 483 shares during the period. Van ECK Associates Corp boosted its stake in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock valued at $32,000 after buying an additional 484 shares in the last quarter. Covestor Ltd grew its position in Coupang by 10.4% in the third quarter. Covestor Ltd now owns 6,479 shares of the company's stock valued at $159,000 after acquiring an additional 612 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Coupang by 2.2% during the third quarter. Janus Henderson Group PLC now owns 34,598 shares of the company's stock worth $850,000 after acquiring an additional 747 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, Citigroup lowered their target price on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.56.

Coupang Trading Up 0.2 %

Shares of CPNG stock traded up $0.05 on Tuesday, reaching $23.81. 11,579,296 shares of the stock were exchanged, compared to its average volume of 6,669,079. The stock has a 50 day moving average price of $22.92 and a 200 day moving average price of $23.56. The stock has a market cap of $42.82 billion, a PE ratio of 41.78, a P/E/G ratio of 43.21 and a beta of 1.11. Coupang, Inc. has a one year low of $14.48 and a one year high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Insiders Place Their Bets

In other Coupang 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 sale, the vice president now owns 136,806 shares in the company, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 13.60% of the company's stock.

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.