Sphera Management Technology Funds Ltd Makes New $769,000 Investment in Coupang, Inc. (NYSE:CPNG)

Sphera Management Technology Funds Ltd acquired a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 35,000 shares of the company's stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in Coupang by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after buying an additional 17,123,637 shares during the period. FMR LLC raised its stake in Coupang by 9.1% during the 4th quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after buying an additional 2,465,973 shares during the period. Durable Capital Partners LP raised its stake in Coupang by 13.6% during the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after buying an additional 3,420,133 shares during the period. Dragoneer Investment Group LLC raised its stake in Coupang by 9.0% during the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock worth $451,497,000 after buying an additional 1,690,826 shares during the period. Finally, Dodge & Cox raised its stake in Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock worth $444,640,000 after buying an additional 123,900 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on CPNG. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. Mizuho raised Coupang to a "hold" rating in a research note on Friday, April 18th. Finally, Barclays increased their price objective on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

Coupang Stock Performance

Shares of CPNG stock traded down $0.10 during trading on Thursday, hitting $27.28. The company's stock had a trading volume of 9,880,258 shares, compared to its average volume of 7,912,885. The company has a market cap of $49.53 billion, a PE ratio of 47.86, a P/E/G ratio of 52.20 and a beta of 1.08. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $23.31 and a 200-day moving average of $23.50. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $27.73.

Coupang (NYSE:CPNG - Get Free Report) last released 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). 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 firm's revenue was up 11.2% compared to the same quarter last year. As a group, research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Activity

In other Coupang news, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction dated 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 completion of the transaction, the director now owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. The trade was a 12.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Greenoaks Capital Partners Llc bought 650,000 shares of Coupang stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of $26.86 per share, with a total value of $17,459,000.00. Following the acquisition, the director now directly owns 55,131,161 shares in the company, valued at approximately $1,480,822,984.46. This represents a 1.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 30,334,697 shares of company stock valued at $780,547,061 over the last three months. 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.