Wolf Hill Capital Management LP acquired a new position in shares of Coupang, Inc. (NYSE:CPNG – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,896,868 shares of the company’s stock, valued at approximately $44,747,000. Coupang makes up approximately 4.9% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 8th biggest position.
Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of Coupang in the 3rd quarter valued at $26,000. Fifth Third Bancorp increased its holdings in shares of Coupang by 1,250.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Colonial Trust Advisors acquired a new position in shares of Coupang in the 3rd quarter valued at $48,000. LGT Financial Advisors LLC acquired a new position in shares of Coupang in the 3rd quarter valued at $52,000. Finally, Advisory Services Network LLC acquired a new position in shares of Coupang in the 3rd quarter valued at $76,000. 83.72% of the stock is owned by institutional investors and hedge funds.
Coupang Stock Performance
Shares of CPNG opened at $16.86 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.97. The stock has a market capitalization of $30.26 billion, a P/E ratio of -187.28 and a beta of 1.13. The company’s fifty day moving average is $18.01 and its two-hundred day moving average is $20.11. Coupang, Inc. has a 1 year low of $14.92 and a 1 year high of $34.08.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. UBS Group set a $25.00 target price on shares of Coupang in a report on Thursday, February 19th. CLSA assumed coverage on shares of Coupang in a report on Monday. They issued an “outperform” rating on the stock. Wall Street Zen cut shares of Coupang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 14th. Finally, Nomura cut their target price on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Coupang has an average rating of “Hold” and an average target price of $26.92.
Check Out Our Latest Stock Report on Coupang
Coupang Company Profile
Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.
The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.
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