35,000 Shares in Coupang, Inc. (NYSE:CPNG) Purchased by Sphera Management Technology Funds Ltd

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

A number of other institutional investors have also recently added to or reduced their stakes in CPNG. Park Avenue Securities LLC acquired a new stake in Coupang in the fourth quarter valued at approximately $300,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Coupang by 21.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 66,851 shares of the company's stock worth $1,469,000 after buying an additional 11,914 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Coupang by 1,053.7% in the fourth quarter. SG Americas Securities LLC now owns 407,940 shares of the company's stock worth $8,967,000 after buying an additional 372,581 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of Coupang by 47.9% in the fourth quarter. RFG Advisory LLC now owns 30,357 shares of the company's stock worth $667,000 after buying an additional 9,833 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in shares of Coupang in the fourth quarter worth $31,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPNG has been the subject of a number of analyst reports. Mizuho upgraded shares of Coupang to a "hold" rating in a research note on Friday, April 18th. Barclays boosted their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

Coupang Stock Performance

Coupang stock traded up $0.19 on Friday, hitting $27.47. The company's stock had a trading volume of 8,709,151 shares, compared to its average volume of 7,919,714. The firm has a market cap of $49.87 billion, a P/E ratio of 48.19, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $23.47 and a 200-day moving average price of $23.51. Coupang, Inc. has a one year low of $18.16 and a one year high of $27.73.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly 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%. Coupang's revenue was up 11.2% on a year-over-year basis. On average, equities analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 9,347 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total transaction of $222,925.95. Following the transaction, the vice president now owns 177,106 shares in the company, valued at $4,223,978.10. This represents a 5.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 650,000 shares of Coupang stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of $26.86 per share, for a total transaction of $17,459,000.00. Following the transaction, the director now owns 55,131,161 shares in the company, valued at $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. In the last quarter, insiders have sold 30,334,697 shares of company stock valued at $780,547,061. 13.60% of the stock is owned by insiders.

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.