Coupang, Inc. (NYSE:CPNG) Shares Acquired by Barings LLC

Barings LLC grew its stake in Coupang, Inc. (NYSE:CPNG) by 22.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 51,786 shares of the company’s stock after purchasing an additional 9,390 shares during the period. Barings LLC’s holdings in Coupang were worth $1,138,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CPNG. Creative Planning raised its stake in shares of Coupang by 27.6% in the 3rd quarter. Creative Planning now owns 14,407 shares of the company’s stock valued at $354,000 after purchasing an additional 3,117 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of 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 purchasing an additional 484 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Coupang in the 3rd quarter valued at about $205,000. Leavell Investment Management Inc. acquired a new stake in shares of Coupang in the 3rd quarter valued at about $275,000. Finally, Atria Investments Inc raised its stake in shares of Coupang by 4.2% in the 3rd quarter. Atria Investments Inc now owns 23,111 shares of the company’s stock valued at $567,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Price Performance

NYSE CPNG opened at $22.73 on Friday. Coupang, Inc. has a 52 week low of $17.34 and a 52 week high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market cap of $40.88 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. The company has a 50-day moving average price of $23.28 and a two-hundred day moving average price of $23.91.

Analysts Set New Price Targets

CPNG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a research note on Wednesday, February 26th. Mizuho increased their price objective on shares of Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Barclays set a $35.00 price objective on shares of Coupang and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Citigroup dropped their price objective 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were 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 owns 136,806 shares in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.60% of the stock is owned by insiders.

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.