Hsbc Holdings PLC Has $9.89 Million Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Hsbc Holdings PLC increased its position in shares of Coupang, Inc. (NYSE:CPNG) by 37.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 449,579 shares of the company’s stock after buying an additional 123,572 shares during the quarter. Hsbc Holdings PLC’s holdings in Coupang were worth $9,890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new position in shares of Coupang during the fourth quarter worth approximately $599,000. TD Waterhouse Canada Inc. raised its holdings in Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company’s stock worth $53,000 after buying an additional 1,429 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Coupang by 298.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,018 shares of the company’s stock worth $330,000 after buying an additional 11,253 shares during the last quarter. TFJ Management LLC bought a new position in shares of Coupang in the fourth quarter valued at $17,158,000. Finally, Capital International Inc. CA grew its holdings in shares of Coupang by 9.6% during the fourth quarter. Capital International Inc. CA now owns 1,524,016 shares of the company’s stock valued at $33,498,000 after buying an additional 133,839 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in 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 report on Wednesday, January 8th. Mizuho raised Coupang to a “hold” rating in a research report on Friday, April 18th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Coupang Trading Up 0.9 %

NYSE CPNG opened at $23.44 on Monday. The business’s fifty day moving average is $22.61 and its 200-day moving average is $23.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The stock has a market capitalization of $42.32 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a one year low of $18.16 and a one year high of $26.91.

Insiders Place Their Bets

In related news, Director Benjamin Sun sold 250,000 shares of Coupang 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 sale, the director now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the business’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 owns 136,806 shares in the company, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.