Sherbrooke Park Advisers LLC Purchases New Holdings in Coupang, Inc. (NYSE:CPNG)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,961 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. acquired a new stake in Coupang during the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC acquired a new position in shares of Coupang in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Coupang by 520.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock worth $43,000 after acquiring an additional 1,640 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after acquiring an additional 1,986 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Coupang by 142.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company’s stock worth $53,000 after acquiring an additional 1,429 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Down 0.4%

NYSE:CPNG opened at $27.14 on Tuesday. The stock’s fifty day moving average price is $23.11 and its two-hundred day moving average price is $23.44. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $27.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company has a market cap of $49.28 billion, a price-to-earnings ratio of 47.61, a P/E/G ratio of 52.20 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

CPNG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a report on Wednesday, February 26th. Mizuho raised Coupang to a “hold” rating in a report on Friday, April 18th. Finally, Barclays boosted their target price on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.64.

Insiders Place Their Bets

In related news, VP Pranam Kolari sold 9,347 shares of the company’s 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 completion of the sale, the vice president now owns 177,106 shares in the company, valued at approximately $4,223,978.10. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade represents a 12.69% 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. 13.60% of the stock is currently owned by corporate insiders.

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.