Fox Run Management L.L.C. Raises Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Fox Run Management L.L.C. boosted its position in Coupang, Inc. (NYSE:CPNG) by 197.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,883 shares of the company’s stock after purchasing an additional 47,756 shares during the quarter. Fox Run Management L.L.C.’s holdings in Coupang were worth $1,580,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CPNG. Victory Capital Management Inc. raised its stake in shares of Coupang by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 112,567 shares of the company’s stock worth $2,764,000 after acquiring an additional 1,024 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Coupang by 10.6% during the third quarter. Oppenheimer & Co. Inc. now owns 11,265 shares of the company’s stock worth $277,000 after purchasing an additional 1,082 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Coupang during the 3rd quarter valued at $370,000. Pathstone Holdings LLC boosted its position in shares of Coupang by 3.2% in the 3rd quarter. Pathstone Holdings LLC now owns 215,411 shares of the company’s stock worth $5,288,000 after purchasing an additional 6,615 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Coupang during the 3rd quarter worth $920,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Coupang Trading Up 0.2 %

Shares of Coupang stock opened at $23.36 on Friday. The stock has a market cap of $42.17 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. The firm has a fifty day moving average price of $23.40 and a 200 day moving average price of $23.92. Coupang, Inc. has a 1 year low of $17.34 and a 1 year high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction that occurred on 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 directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 259,234 shares of company stock valued at $6,069,015. 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.