Coupang, Inc. (NYSE:CPNG) is HMI Capital Management L.P.’s 2nd Largest Position

HMI Capital Management L.P. lifted its position in shares of Coupang, Inc. (NYSE:CPNG) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,662,498 shares of the company’s stock after buying an additional 470,000 shares during the period. Coupang makes up approximately 12.9% of HMI Capital Management L.P.’s portfolio, making the stock its 2nd largest position. HMI Capital Management L.P. owned about 0.65% of Coupang worth $256,342,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Nebula Research & Development LLC lifted its position in Coupang by 165.4% in the fourth quarter. Nebula Research & Development LLC now owns 58,550 shares of the company’s stock valued at $1,287,000 after buying an additional 36,491 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Coupang by 473.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 69,478 shares of the company’s stock worth $1,527,000 after acquiring an additional 57,368 shares during the last quarter. Kerrisdale Advisers LLC purchased a new position in shares of Coupang during the 4th quarter worth approximately $1,790,000. White Oak Capital Partners Pte. Ltd. purchased a new position in shares of Coupang during the 4th quarter worth approximately $512,000. Finally, Pinebridge Investments L.P. increased its holdings in Coupang by 53.5% in the 4th quarter. Pinebridge Investments L.P. now owns 90,187 shares of the company’s stock valued at $1,982,000 after purchasing an additional 31,423 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Transactions at Coupang

In related news, 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 transaction of $5,857,500.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the company’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. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CPNG shares. 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. Citigroup lowered their target price on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays set a $35.00 target price on Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Mizuho raised shares of Coupang to a “hold” rating in a research report on Friday, April 18th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Coupang Stock Up 3.1 %

Shares of Coupang stock opened at $23.27 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $26.91. The company has a market capitalization of $42.01 billion, a P/E ratio of 40.83, a P/E/G ratio of 52.20 and a beta of 1.09. The company has a 50 day moving average of $22.65 and a 200 day moving average of $23.51.

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.