Occudo Quantitative Strategies LP Buys New Stake in Coupang, Inc. (NYSE:CPNG)

Occudo Quantitative Strategies LP purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,738 shares of the company's stock, valued at approximately $478,000.

A number of other institutional investors have also added to or reduced their stakes in CPNG. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang in the fourth quarter worth approximately $26,000. Berbice Capital Management LLC bought a new stake in shares of Coupang in the fourth quarter worth $31,000. Itau Unibanco Holding S.A. increased its position in Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after acquiring an additional 1,640 shares during the last quarter. Allworth Financial LP boosted its position 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 last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Coupang by 142.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after purchasing an additional 1,429 shares during the period. Institutional investors own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CPNG. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. Barclays boosted their price target on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $29.64.

Insiders Place Their Bets

In other news, VP Pranam Kolari sold 9,347 shares of the business's stock in a transaction on 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 transaction, the vice president now directly owns 177,106 shares of the company's stock, valued at approximately $4,223,978.10. The trade was a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the sale, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. The trade was a 12.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,334,697 shares of company stock worth $780,547,061. 13.60% of the stock is currently owned by company insiders.

Coupang Trading Down 0.4%

Shares of NYSE CPNG traded down $0.10 during midday trading on Monday, hitting $27.14. The company's stock had a trading volume of 10,933,247 shares, compared to its average volume of 7,869,515. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $27.73. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm has a market cap of $49.00 billion, a P/E ratio of 47.61, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The business's 50 day moving average is $23.01 and its two-hundred day moving average is $23.43.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $7.91 billion during 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%. The firm's revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

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.