Sherbrooke Park Advisers LLC Invests $241,000 in Coupang, Inc. (NYSE:CPNG)

Sherbrooke Park Advisers LLC purchased a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,961 shares of the company's stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in Coupang during the fourth quarter worth about $404,896,000. Price T Rowe Associates Inc. MD lifted its position in Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares during the period. Durable Capital Partners LP lifted its position in Coupang by 13.6% during the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after purchasing an additional 3,420,133 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Coupang by 106.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,778,763 shares of the company's stock worth $127,017,000 after purchasing an additional 2,979,981 shares during the period. Finally, Coronation Fund Managers Ltd. lifted its position in Coupang by 53.3% during the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock worth $162,292,000 after purchasing an additional 2,566,581 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Mizuho raised shares of Coupang to a "hold" rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a report on Wednesday, February 26th. Finally, Barclays increased their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Coupang Trading Up 0.7%

NYSE CPNG traded up $0.19 during trading hours on Friday, reaching $27.47. The company's stock had a trading volume of 8,709,151 shares, compared to its average volume of 7,930,622. The firm has a fifty day simple moving average of $23.47 and a 200-day simple moving average of $23.50. The stock has a market cap of $49.87 billion, a P/E ratio of 48.19, a P/E/G ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $27.73. 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 (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 analysts' consensus estimates of $0.07 by ($0.01). The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company's revenue was up 11.2% on a year-over-year basis. Equities analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Coupang

In other Coupang news, CFO Gaurav Anand sold 75,350 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $26.10, for a total transaction of $1,966,635.00. Following the completion of the sale, the chief financial officer now owns 2,267,290 shares of the company's stock, valued at approximately $59,176,269. This represents a 3.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 650,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were purchased at an average cost of $26.86 per share, with a total value of $17,459,000.00. Following the transaction, the director now directly owns 55,131,161 shares in the company, valued at approximately $1,480,822,984.46. This trade represents a 1.19% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 30,334,697 shares of company stock worth $780,547,061 in the last quarter. 13.60% of the stock is owned by insiders.

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.