Coupang, Inc. (NYSE:CPNG) Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. grew its holdings in Coupang, Inc. (NYSE:CPNG) by 123.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,471 shares of the company’s stock after purchasing an additional 18,470 shares during the quarter. Machina Capital S.A.S.’s holdings in Coupang were worth $736,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CPNG. Wingate Wealth Advisors Inc. acquired a new stake in Coupang during the fourth quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in Coupang during the third quarter worth approximately $28,000. Berbice Capital Management LLC acquired a new stake in Coupang during the fourth quarter worth approximately $31,000. Van ECK Associates Corp boosted its position in Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after acquiring an additional 484 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after acquiring an additional 1,986 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, the vice president now owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CPNG. Citigroup decreased their target price 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. Barclays set a $35.00 price target on shares of Coupang and gave the company an “overweight” rating in a report on Thursday, February 27th. Mizuho lifted their price target on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Coupang Stock Performance

Shares of CPNG stock opened at $22.73 on Friday. The company’s fifty day simple moving average is $23.28 and its 200-day simple moving average is $23.91. Coupang, Inc. has a 52 week low of $17.34 and a 52 week high of $26.91. 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 company has a market cap of $40.88 billion, a PE ratio of 39.87, a P/E/G ratio of 52.20 and a beta of 1.10.

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.