Nebula Research & Development LLC Has $1.29 Million Stock Position in Coupang, Inc. (NYSE:CPNG)

Nebula Research & Development LLC raised its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 165.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,550 shares of the company's stock after buying an additional 36,491 shares during the quarter. Nebula Research & Development LLC's holdings in Coupang were worth $1,287,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in Coupang by 473.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 69,478 shares of the company's stock worth $1,527,000 after buying an additional 57,368 shares during the last quarter. Kerrisdale Advisers LLC bought a new position in Coupang during the fourth quarter valued at about $1,790,000. White Oak Capital Partners Pte. Ltd. acquired a new position in shares of Coupang in the 4th quarter worth approximately $512,000. Pinebridge Investments L.P. increased its holdings in shares of Coupang by 53.5% in the fourth quarter. Pinebridge Investments L.P. now owns 90,187 shares of the company's stock valued at $1,982,000 after buying an additional 31,423 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings 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. 83.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 value of $5,857,500.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 13.60% of the company's stock.

Coupang Trading Up 1.7 %

NYSE CPNG traded up $0.40 on Friday, reaching $23.87. The company had a trading volume of 2,343,157 shares, compared to its average volume of 7,714,955. The stock has a market cap of $43.09 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $26.91. The stock's 50 day moving average is $22.49 and its 200-day moving average is $23.44. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded 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. Barclays set a $35.00 price objective on shares of Coupang and gave the stock an "overweight" rating in a report on Thursday, February 27th. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Citigroup decreased their price target on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.17.

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.