Machina Capital S.A.S. Has $3.64 Million Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Machina Capital S.A.S. raised its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 396.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,186 shares of the company's stock after purchasing an additional 132,715 shares during the quarter. Coupang accounts for approximately 1.1% of Machina Capital S.A.S.'s holdings, making the stock its 9th largest holding. Machina Capital S.A.S.'s holdings in Coupang were worth $3,644,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CPNG. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Coupang during the 1st quarter worth approximately $30,000. Grove Bank & Trust purchased a new stake in shares of Coupang in the first quarter worth approximately $33,000. Itau Unibanco Holding S.A. raised its holdings in shares of Coupang by 520.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after purchasing an additional 1,640 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in Coupang by 142.9% in 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. Finally, BOCHK Asset Management Ltd bought a new position in Coupang in the 1st quarter valued at $70,000. Institutional investors own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Mizuho upgraded shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.08.

Coupang Price Performance

Shares of Coupang stock traded up $0.12 during trading on Friday, hitting $30.26. The stock had a trading volume of 6,157,796 shares, compared to its average volume of 10,116,959. The firm has a market cap of $54.93 billion, a price-to-earnings ratio of 216.11 and a beta of 1.16. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $31.65. The business's 50-day moving average is $29.17 and its 200 day moving average is $25.27. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share 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 the consensus estimate of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the sale, the vice president owned 177,106 shares in the company, valued at $4,223,978.10. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gaurav Anand sold 175,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $28.11, for a total value of $4,919,250.00. Following the completion of the sale, the chief financial officer directly owned 2,092,290 shares of the company's stock, valued at approximately $58,814,271.90. This trade represents a 7.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,459,697 shares of company stock valued at $1,067,780,811 in the last three months. 12.78% of the stock is 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.