Sapient Capital LLC Invests $2.49 Million in Coupang, Inc. (NYSE:CPNG)

Sapient Capital LLC purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 153,554 shares of the company's stock, valued at approximately $2,486,000.

Several other institutional investors have also recently made changes to their positions in the business. Headinvest LLC purchased a new position in Coupang during the third quarter valued at $29,000. Eagle Bay Advisors LLC bought a new position in shares of Coupang in the second quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in shares of Coupang in the fourth quarter worth about $36,000. Comerica Bank purchased a new position in shares of Coupang during the 3rd quarter valued at about $43,000. Finally, NBC Securities Inc. bought a new position in shares of Coupang during the 3rd quarter valued at approximately $51,000. Institutional investors own 83.72% of the company's stock.

Coupang Price Performance

Shares of CPNG traded up $2.19 during midday trading on Friday, hitting $21.25. 51,049,236 shares of the company traded hands, compared to its average volume of 12,912,950. The stock has a market cap of $38.11 billion, a price-to-earnings ratio of 27.89 and a beta of 1.32. The firm has a 50 day moving average of $17.29 and a 200-day moving average of $16.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $21.43.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.40 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The firm's revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. On average, analysts forecast that Coupang, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group downgraded shares of Coupang from a "buy" rating to a "neutral" rating and lowered their price target for the company from $26.00 to $18.50 in a report on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and upped their target price for the stock from $18.50 to $21.00 in a report on Thursday, February 29th. Citigroup cut Coupang from a "buy" rating to a "neutral" rating and decreased their price target for the company from $20.00 to $17.00 in a report on Tuesday, January 16th. Barclays upped their price objective on Coupang from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday, February 29th. Finally, TheStreet raised Coupang from a "d+" rating to a "c-" rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Coupang currently has an average rating of "Moderate Buy" and an average price target of $20.92.

Insider Activity

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the completion of the transaction, the insider now owns 364,542,259 shares in the company, valued at $6,929,948,343.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Harold Rogers sold 139,080 shares of Coupang stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the transaction, the insider now owns 394,192 shares in the company, valued at approximately $7,194,004. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total value of $600,985,067.54. Following the transaction, the insider now directly owns 364,542,259 shares in the company, valued at approximately $6,929,948,343.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,355,590 shares of company stock worth $633,443,979. 14.90% of the stock is currently 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.