25,403 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC acquired a new stake in Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,403 shares of the company’s stock, valued at approximately $558,000. Coupang comprises about 0.9% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 20th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang in the 4th quarter valued at about $26,000. Brooklyn Investment Group bought a new stake in Coupang in the third quarter valued at approximately $28,000. Berbice Capital Management LLC acquired a new stake in Coupang in the fourth quarter worth $31,000. Allworth Financial LP raised its holdings in Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after purchasing an additional 1,986 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock worth $70,000 after purchasing an additional 822 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Activity at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the firm’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 completion of the transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. This trade represents a 12.69 % 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, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction dated 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 sale, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 259,234 shares of company stock valued at $6,069,015. Corporate insiders own 13.60% of the company’s stock.

Coupang Price Performance

NYSE CPNG opened at $22.32 on Friday. The firm’s 50 day moving average is $23.52 and its 200-day moving average is $23.95. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $40.29 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 12-month low of $17.67 and a 12-month high of $26.91.

Analyst Ratings Changes

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

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.