Coupang, Inc. (NYSE:CPNG) is Long Walk Management LP’s 4th Largest Position

Long Walk Management LP raised its position in shares of Coupang, Inc. (NYSE:CPNG) by 36.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,296,500 shares of the company’s stock after buying an additional 346,500 shares during the quarter. Coupang comprises 10.4% of Long Walk Management LP’s portfolio, making the stock its 4th largest holding. Long Walk Management LP’s holdings in Coupang were worth $28,497,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. lifted its position in Coupang by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock valued at $253,000 after purchasing an additional 452 shares during the period. Angeles Wealth Management LLC boosted its stake in shares of Coupang by 0.8% in the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock worth $1,211,000 after buying an additional 459 shares during the last quarter. IFP Advisors Inc grew its holdings in Coupang by 3.8% during the fourth quarter. IFP Advisors Inc now owns 12,734 shares of the company’s stock worth $280,000 after acquiring an additional 469 shares during the period. Ignite Planners LLC grew its holdings in Coupang by 2.5% during the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock worth $452,000 after acquiring an additional 483 shares during the period. Finally, Janus Henderson Group PLC raised its position in Coupang by 2.2% during the third quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock valued at $850,000 after acquiring an additional 747 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Trading Up 1.4 %

CPNG stock opened at $22.49 on Friday. Coupang, Inc. has a 12-month low of $17.34 and a 12-month high of $26.91. The business’s 50-day moving average is $23.28 and its 200 day moving average is $23.89. 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 $40.60 billion, a price-to-earnings ratio of 39.45, a PEG ratio of 52.20 and a beta of 1.10.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 13.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CPNG shares. 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. Mizuho raised their price target on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Citigroup decreased their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays set a $35.00 target price on Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. 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.com, Coupang has a consensus rating of “Moderate Buy” and an average target price of $29.17.

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.