Alberta Investment Management Corp Has $10.59 Million Holdings in Coupang, Inc. (NYSE:CPNG)

Alberta Investment Management Corp increased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 481,908 shares of the company’s stock after buying an additional 31,423 shares during the quarter. Alberta Investment Management Corp’s holdings in Coupang were worth $10,592,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its holdings in Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after purchasing an additional 6,584,910 shares in the last quarter. Coronation Fund Managers Ltd. increased its holdings in Coupang by 139.1% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after purchasing an additional 2,802,325 shares in the last quarter. Wellington Management Group LLP increased its holdings in Coupang by 43.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after purchasing an additional 2,603,046 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Coupang by 762.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company’s stock worth $68,710,000 after purchasing an additional 2,474,175 shares in the last quarter. Finally, Ninety One UK Ltd bought a new position in Coupang during the 4th quarter worth about $46,388,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Activity at Coupang

In related 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 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 trade represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 13.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on CPNG shares. Citigroup lowered their target price on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays increased their target price on Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Coupang has a consensus rating of “Moderate Buy” and an average price target of $27.78.

Coupang Price Performance

Shares of NYSE CPNG opened at $25.48 on Thursday. The stock has a market capitalization of $45.84 billion, a price-to-earnings ratio of 44.70, a PEG ratio of 45.90 and a beta of 1.11. The business has a 50-day moving average of $23.07 and a 200-day moving average of $23.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a fifty-two week low of $15.50 and a fifty-two week 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.