Global Endowment Management LP Has $2.49 Million Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Global Endowment Management LP raised its stake in shares of Coupang, Inc. (NYSE:CPNG) by 54.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,370 shares of the company’s stock after buying an additional 39,962 shares during the period. Global Endowment Management LP’s holdings in Coupang were worth $2,492,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC increased its holdings in Coupang by 14.1% in the third quarter. Orion Portfolio Solutions LLC now owns 15,146 shares of the company’s stock worth $372,000 after buying an additional 1,875 shares during the last quarter. Advisory Resource Group grew its position in Coupang by 1.9% in the third quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock worth $1,083,000 after acquiring an additional 823 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Coupang during the 3rd quarter worth $1,094,000. Tidal Investments LLC bought a new position in shares of Coupang during the 3rd quarter valued at $5,646,000. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Coupang by 269.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,292,886 shares of the company’s stock valued at $31,740,000 after purchasing an additional 942,839 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CPNG. Citigroup lowered their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Mizuho raised their price objective on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a research report on Wednesday, February 26th. Finally, Barclays set a $35.00 price objective on shares of Coupang and gave the stock an “overweight” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Coupang has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $5,857,500.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. Corporate insiders own 13.60% of the company’s stock.

Coupang Price Performance

Shares of NYSE:CPNG opened at $21.24 on Thursday. The business’s 50 day moving average is $22.96 and its 200-day moving average is $23.62. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $38.35 billion, a PE ratio of 37.26, a PEG ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $26.91.

Coupang Company 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.