Duality Advisers LP Purchases 126,532 Shares of Coupang, Inc. (NYSE:CPNG)

Duality Advisers LP increased its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 809.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,159 shares of the company's stock after buying an additional 126,532 shares during the quarter. Duality Advisers LP's holdings in Coupang were worth $2,302,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CPNG. Headinvest LLC acquired a new stake in Coupang during the third quarter worth about $29,000. NBC Securities Inc. acquired a new position in Coupang during the third quarter valued at approximately $51,000. Deuterium Capital Management LLC bought a new stake in Coupang during the third quarter worth $170,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Coupang in the 3rd quarter valued at $172,000. Finally, Resonant Capital Advisors LLC bought a new position in shares of Coupang in the 3rd quarter valued at $173,000. Institutional investors own 83.72% of the company's stock.

Coupang Trading Up 2.0 %

Shares of NYSE:CPNG traded up $0.45 during trading on Monday, reaching $22.46. The stock had a trading volume of 16,593,181 shares, compared to its average volume of 13,419,264. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $22.89. The firm's fifty day moving average is $18.38 and its 200 day moving average is $16.84. The stock has a market cap of $40.28 billion, a price-to-earnings ratio of 29.95 and a beta of 1.32. 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 (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The firm had revenue of $6.56 billion for the quarter, compared to analysts' expectations of $6.40 billion. During the same period in the prior year, the business earned $0.06 EPS. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, equities analysts forecast that Coupang, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CPNG. Citigroup upgraded Coupang from a "neutral" rating to a "buy" rating and lifted their target price for the company from $19.00 to $26.00 in a research report on Monday, April 15th. TheStreet raised shares of Coupang from a "d+" rating to a "c-" rating in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and increased their price target for the company from $18.50 to $21.00 in a research note on Thursday, February 29th. Finally, Barclays upped their target price on Coupang from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Coupang presently has an average rating of "Moderate Buy" and a consensus price target of $22.42.

Insider Transactions at Coupang

In related news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction 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 completion of the sale, the insider now owns 364,542,259 shares of the company's stock, valued at approximately $6,929,948,343.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the transaction, the insider now owns 364,542,259 shares of the company's stock, valued at $6,929,948,343.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pranam Kolari sold 2,356 shares of Coupang stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $13.88, for a total transaction of $32,701.28. Following the transaction, the insider now directly owns 182,844 shares in the company, valued at $2,537,874.72. The disclosure for this sale can be found here. Insiders have sold 33,355,590 shares of company stock valued at $633,443,979 in the last 90 days. 14.90% of the stock is currently owned by corporate 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.