Coupang, Inc. (NYSE:CPNG) Holdings Boosted by Metavasi Capital LP

Metavasi Capital LP grew its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 18.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 483,912 shares of the company's stock after purchasing an additional 75,000 shares during the period. Coupang comprises approximately 3.8% of Metavasi Capital LP's portfolio, making the stock its 8th biggest position. Metavasi Capital LP's holdings in Coupang were worth $10,636,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Wingate Wealth Advisors Inc. purchased a new position in shares of Coupang during the 4th quarter valued at $26,000. Berbice Capital Management LLC bought a new position in shares of Coupang in the 4th quarter worth $31,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Coupang by 520.6% during 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 during the last quarter. Allworth Financial LP lifted its stake in Coupang by 11,033.3% during 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. increased its position 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 last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Up 2.7 %

Shares of Coupang stock traded up $0.64 during trading on Friday, hitting $24.11. The company's stock had a trading volume of 5,618,806 shares, compared to its average volume of 7,708,127. 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 fifty day simple moving average of $22.48 and a two-hundred day simple moving average of $23.42. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $26.91. The company has a market capitalization of $43.53 billion, a PE ratio of 42.30, a P/E/G ratio of 52.20 and a beta of 1.09.

Insider Activity at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. This represents a 12.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the sale, the vice president now owns 136,806 shares of the company's stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 267,806 shares of company stock valued at $6,274,814 over the last 90 days. Corporate insiders own 13.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CPNG shares. Citigroup dropped their target price on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of 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. Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. Finally, Barclays set a $35.00 target price on Coupang and gave the company an "overweight" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.06.

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.