Krane Funds Advisors LLC Has $375,000 Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Krane Funds Advisors LLC lifted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,074 shares of the company’s stock after buying an additional 1,689 shares during the period. Krane Funds Advisors LLC’s holdings in Coupang were worth $375,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CPNG. Wingate Wealth Advisors Inc. acquired a new stake in shares of Coupang in the 4th quarter valued at $26,000. Berbice Capital Management LLC acquired a new position in Coupang in the 4th quarter valued at approximately $31,000. Allworth Financial LP raised its stake in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after acquiring an additional 1,986 shares during the last quarter. Signaturefd LLC raised its stake in shares of Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock valued at $70,000 after acquiring an additional 822 shares during the last quarter. Finally, Atala Financial Inc acquired a new position in shares of Coupang during the fourth quarter worth $80,000. Institutional investors own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the 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 sale, the vice president now owns 136,806 shares in the company, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CPNG shares. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a report on Wednesday, February 26th. Barclays set a $35.00 price target on shares of Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. Citigroup lowered their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Mizuho boosted their price target on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Coupang Stock Performance

Shares of CPNG stock opened at $20.05 on Monday. 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 firm has a fifty day simple moving average of $23.46 and a two-hundred day simple moving average of $23.87. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $26.91. The firm has a market capitalization of $36.19 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09.

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.