White Oak Capital Partners Pte. Ltd. Purchases New Position in Coupang, Inc. (NYSE:CPNG)

White Oak Capital Partners Pte. Ltd. bought a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,063 shares of the company's stock, valued at approximately $512,000. Coupang makes up 0.3% of White Oak Capital Partners Pte. Ltd.'s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors have also recently made changes to their positions in CPNG. Assenagon Asset Management S.A. lifted its stake in Coupang by 85.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock worth $24,182,000 after purchasing an additional 506,622 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Coupang by 23.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock worth $4,861,000 after buying an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC purchased a new position in Coupang during the fourth quarter worth approximately $2,618,000. New York Life Investment Management LLC acquired a new position in Coupang during the fourth quarter worth $349,000. Finally, Ninety One UK Ltd purchased a new stake in Coupang in the 4th quarter valued at $46,388,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Up 0.9 %

Shares of CPNG stock traded up $0.20 during trading on Friday, reaching $23.44. The company's stock had a trading volume of 3,908,519 shares, compared to its average volume of 7,831,319. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $26.91. The stock's 50-day moving average price is $22.61 and its 200 day moving average price is $23.50. The company has a market capitalization of $42.32 billion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 52.20 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 136,806 shares of the company's stock, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Benjamin Sun sold 250,000 shares of Coupang 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 directly owns 1,719,421 shares of the company's stock, 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. 13.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on CPNG. Citigroup reduced their price target on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. Barclays set a $35.00 price target on shares of Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.