Dodge & Cox Purchases 123,900 Shares of Coupang, Inc. (NYSE:CPNG)

Dodge & Cox boosted its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,229,320 shares of the company’s stock after acquiring an additional 123,900 shares during the period. Dodge & Cox’s holdings in Coupang were worth $444,640,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Coupang in the 4th quarter valued at approximately $404,896,000. Coronation Fund Managers Ltd. raised its holdings in Coupang by 53.3% in the 4th quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock valued at $162,292,000 after acquiring an additional 2,566,581 shares during the period. FMR LLC lifted its holdings in Coupang by 9.1% during the 4th quarter. FMR LLC now owns 29,619,581 shares of the company’s stock worth $651,038,000 after purchasing an additional 2,465,973 shares during the last quarter. Ninety One UK Ltd bought a new stake in shares of Coupang in the fourth quarter valued at about $46,388,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Coupang during the fourth quarter worth approximately $35,580,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Down 0.5 %

Shares of NYSE:CPNG opened at $21.55 on Tuesday. The business’s 50-day moving average is $23.05 and its 200-day moving average is $23.66. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $26.91. The company has a market capitalization of $38.91 billion, a price-to-earnings ratio of 37.81, 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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CPNG shares. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a report on Wednesday, February 26th. Mizuho boosted 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. Citigroup lowered their target price 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, Barclays set a $35.00 price target on Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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 on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the transaction, the director now owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.

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.