21,738 Shares in Coupang, Inc. (NYSE:CPNG) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP 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 Securities and Exchange Commission (SEC). The institutional investor purchased 21,738 shares of the company’s stock, valued at approximately $478,000.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Coupang in the 4th quarter valued at $404,896,000. Price T Rowe Associates Inc. MD grew its stake in Coupang by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock valued at $1,663,594,000 after purchasing an additional 17,123,637 shares during the period. Durable Capital Partners LP grew its stake in Coupang by 13.6% in the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock valued at $629,426,000 after purchasing an additional 3,420,133 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Coupang by 106.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 5,778,763 shares of the company’s stock valued at $127,017,000 after purchasing an additional 2,979,981 shares during the period. Finally, Coronation Fund Managers Ltd. grew its stake in Coupang by 53.3% in the 4th 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. Institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling

In related news, CFO Gaurav Anand sold 75,350 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $26.10, for a total transaction of $1,966,635.00. Following the sale, the chief financial officer now owns 2,267,290 shares of the company’s stock, valued at approximately $59,176,269. This represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Pranam Kolari sold 9,347 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the sale, the vice president now directly owns 177,106 shares in the company, valued at $4,223,978.10. This trade represents a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,334,697 shares of company stock valued at $780,547,061. Corporate insiders own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

CPNG has been the subject of several research reports. Mizuho upgraded Coupang to a “hold” rating in a research note on Friday, April 18th. 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 research note on Wednesday, February 26th. Finally, Barclays increased their price target on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.19.

Coupang Stock Performance

Shares of CPNG opened at $26.80 on Friday. The stock’s 50-day simple moving average is $22.91 and its 200 day simple moving average is $23.46. The stock has a market capitalization of $48.39 billion, a price-to-earnings ratio of 47.02, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $27.49.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. Coupang’s revenue for the quarter was up 11.2% on a year-over-year basis. Research analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Coupang 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.