Capital International Inc. CA Grows Stake in Coupang, Inc. (NYSE:CPNG)

Capital International Inc. CA lifted its holdings in Coupang, Inc. (NYSE:CPNG) by 9.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,524,016 shares of the company’s stock after purchasing an additional 133,839 shares during the period. Capital International Inc. CA owned about 0.08% of Coupang worth $33,498,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. purchased a new stake in shares of Coupang during the 4th quarter worth $26,000. Berbice Capital Management LLC bought a new stake in shares of Coupang in the 4th quarter valued at about $31,000. Allworth Financial LP grew its position in shares of Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after buying an additional 1,986 shares during the last quarter. Signaturefd LLC raised its stake in shares of Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock worth $70,000 after acquiring an additional 822 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in Coupang in the fourth quarter valued at approximately $80,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Price Performance

Shares of NYSE CPNG opened at $21.38 on Friday. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $26.91. The business’s 50 day moving average price is $22.86 and its 200 day moving average price is $23.58. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a market cap of $38.59 billion, a P/E ratio of 37.50, a P/E/G ratio of 52.20 and a beta of 1.09.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Mizuho increased their price objective on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Barclays set a $35.00 price target on Coupang and gave the company an “overweight” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. Finally, Citigroup lowered their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One equities research 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Insider Buying and Selling at Coupang

In related news, Director Benjamin Sun sold 250,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the business’s 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 completion of the transaction, the vice president now directly owns 136,806 shares of the company’s stock, valued at $3,143,801.88. The trade was a 5.82 % 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.