White Oak Capital Partners Pte. Ltd. Buys Shares of 23,063 Coupang, Inc. (NYSE:CPNG)

White Oak Capital Partners Pte. Ltd. purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 23,063 shares of the company’s stock, valued at approximately $512,000. Coupang accounts for approximately 0.3% of White Oak Capital Partners Pte. Ltd.’s holdings, making the stock its 8th biggest position.

Several other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Coupang during the 4th quarter worth about $404,896,000. Price T Rowe Associates Inc. MD boosted its stake in Coupang by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock worth $1,663,594,000 after acquiring an additional 17,123,637 shares during the last quarter. Coronation Fund Managers Ltd. grew its holdings in Coupang by 53.3% during the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock valued at $162,292,000 after purchasing an additional 2,566,581 shares during the period. FMR LLC increased its stake in Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company’s stock valued at $651,038,000 after purchasing an additional 2,465,973 shares in the last quarter. Finally, Ninety One UK Ltd bought a new stake in Coupang in the fourth quarter valued at approximately $46,388,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analysts Set New Price Targets

CPNG has been the subject of several research analyst reports. Barclays set a $35.00 price target on shares of Coupang and gave the company an “overweight” rating in a report on Thursday, February 27th. 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 report on Wednesday, February 26th. Mizuho upgraded Coupang to a “hold” rating in a report on Friday, April 18th. Finally, Citigroup lowered their target price on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Coupang has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Insiders Place Their Bets

In other news, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was 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 owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following 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 position. The disclosure for this sale can be found here. Insiders own 13.60% of the company’s stock.

Coupang Stock Up 2.6 %

CPNG stock opened at $21.67 on Wednesday. The business has a 50-day moving average of $22.74 and a 200-day moving average of $23.54. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $26.91. The stock has a market capitalization of $39.12 billion, a P/E ratio of 38.02, 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.

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.