Neo Ivy Capital Management Invests $3.33 Million in Coupang, Inc. (NYSE:CPNG)

Neo Ivy Capital Management purchased a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 151,659 shares of the company's stock, valued at approximately $3,333,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPNG. Wingate Wealth Advisors Inc. purchased a new position in Coupang during the 4th quarter worth $26,000. Berbice Capital Management LLC purchased a new position in shares of Coupang in the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. increased 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 valued at $43,000 after acquiring an additional 1,640 shares during the period. Allworth Financial LP increased 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 valued at $45,000 after acquiring an additional 1,986 shares during the period. Finally, TD Waterhouse Canada Inc. increased 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 valued at $53,000 after acquiring an additional 1,429 shares during the period. 83.72% of the stock is owned by institutional investors.

Coupang Stock Performance

CPNG traded up $0.19 on Friday, reaching $27.47. 8,709,151 shares of the stock were exchanged, compared to its average volume of 7,930,622. The firm has a market capitalization of $49.87 billion, a PE ratio of 48.19, a PEG ratio of 52.20 and a beta of 1.08. The company's 50-day moving average price is $23.47 and its 200 day moving average price is $23.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $27.73.

Coupang (NYSE:CPNG - Get Free Report) last issued 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 net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. Coupang's revenue was up 11.2% on a year-over-year basis. As a group, sell-side analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays lifted 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. Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. One equities research 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 a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

Insider Activity at Coupang

In other news, VP Pranam Kolari sold 9,347 shares of the company's stock in a transaction that occurred 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 sale, the vice president now directly owns 177,106 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, Director Benjamin Sun sold 250,000 shares of the company's 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 completion of the sale, the director now owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. This trade represents a 12.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,334,697 shares of company stock worth $780,547,061 in the last 90 days. Corporate insiders own 13.60% of the company's stock.

Coupang Company 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.