Bridgefront Capital LLC Acquires Shares of 15,768 Coupang, Inc. (NYSE:CPNG)

Bridgefront Capital LLC acquired a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 15,768 shares of the company's stock, valued at approximately $347,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bain Capital Public Equity Management II LLC increased its stake in shares of Coupang by 21.3% in the fourth quarter. Bain Capital Public Equity Management II LLC now owns 1,052,331 shares of the company's stock valued at $23,130,000 after buying an additional 185,024 shares during the period. Bain Capital Public Equity LP increased its position in Coupang by 25.8% in the 4th quarter. Bain Capital Public Equity LP now owns 126,951 shares of the company's stock valued at $2,790,000 after acquiring an additional 26,050 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Coupang during the fourth quarter valued at $6,028,000. Bienville Capital Management LLC lifted its holdings in shares of Coupang by 35.7% during the fourth quarter. Bienville Capital Management LLC now owns 1,072,551 shares of the company's stock worth $23,575,000 after purchasing an additional 281,914 shares during the period. Finally, Metavasi Capital LP grew its stake in shares of Coupang by 18.3% in the fourth quarter. Metavasi Capital LP now owns 483,912 shares of the company's stock worth $10,636,000 after purchasing an additional 75,000 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Insider Activity at Coupang

In related news, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction on Friday, May 2nd. The shares were 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 of the company's stock, valued at approximately $4,223,978.10. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction 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. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPNG. Barclays raised their target price on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective on the stock in a research note on Wednesday, February 26th. Finally, Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

Coupang Trading Up 1.4 %

CPNG traded up $0.37 during trading on Friday, hitting $26.00. The company's stock had a trading volume of 14,831,247 shares, compared to its average volume of 7,693,474. The firm has a market capitalization of $46.94 billion, a P/E ratio of 45.61, a PEG ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $27.03. The stock's fifty day moving average price is $22.62 and its 200-day moving average price is $23.42. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results 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 company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. Coupang's revenue was up 11.2% compared to the same quarter last year. Analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current 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.