LTS One Management LP Buys New Holdings in Coupang, Inc. (NYSE:CPNG)

LTS One Management LP purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 870,000 shares of the company's stock, valued at approximately $19,123,000. Coupang comprises about 5.3% of LTS One Management LP's investment portfolio, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPNG. Janus Henderson Group PLC boosted its stake in Coupang by 2.2% in the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company's stock valued at $850,000 after purchasing an additional 747 shares during the period. Orion Portfolio Solutions LLC boosted its position in shares of Coupang by 14.1% in the third quarter. Orion Portfolio Solutions LLC now owns 15,146 shares of the company's stock valued at $372,000 after acquiring an additional 1,875 shares during the period. Geode Capital Management LLC grew its stake in shares of Coupang by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock valued at $144,483,000 after acquiring an additional 29,164 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Coupang by 10.1% during the third quarter. Coldstream Capital Management Inc. now owns 15,517 shares of the company's stock worth $382,000 after acquiring an additional 1,427 shares during the period. Finally, Advisory Resource Group boosted its holdings in Coupang by 1.9% in the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company's stock valued at $1,083,000 after purchasing an additional 823 shares during the period. 83.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the sale, the director now owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. The trade was 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.

Coupang Trading Up 0.7 %

NYSE CPNG traded up $0.15 during trading hours on Friday, reaching $21.38. The company's stock had a trading volume of 4,110,480 shares, compared to its average volume of 7,956,152. The firm has a fifty day simple moving average of $22.86 and a 200-day simple moving average of $23.58. The stock has a market cap of $38.59 billion, a P/E ratio of 37.50, a P/E/G ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 52 week low of $18.16 and a 52 week 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.

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.