Quantbot Technologies LP Takes Position in Coupang, Inc. (NYSE:CPNG)

Quantbot Technologies LP acquired a new position in Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 520,392 shares of the company’s stock, valued at approximately $11,438,000. Coupang accounts for about 0.4% of Quantbot Technologies LP’s portfolio, making the stock its 29th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Coupang by 4.1% during the 4th quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock valued at $253,000 after purchasing an additional 452 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of Coupang by 0.8% during the 4th quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock worth $1,211,000 after buying an additional 459 shares in the last quarter. IFP Advisors Inc grew its position in shares of Coupang by 3.8% during the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company’s stock worth $280,000 after buying an additional 469 shares during the period. Ignite Planners LLC increased its stake in shares of Coupang by 2.5% in the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock valued at $452,000 after acquiring an additional 483 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Coupang by 2.2% during the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock valued at $850,000 after acquiring an additional 747 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Up 0.2 %

CPNG stock opened at $23.36 on Friday. Coupang, Inc. has a 1-year low of $17.34 and a 1-year high of $26.91. The stock has a market cap of $42.17 billion, a P/E ratio of 40.97, a P/E/G ratio of 52.20 and a beta of 1.10. The stock’s fifty day simple moving average is $23.40 and its two-hundred day simple moving average is $23.92. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CPNG. Barclays set a $35.00 price target on shares of Coupang and gave the company an “overweight” rating in a research note on Thursday, February 27th. Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Mizuho upped their target price on Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Coupang currently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Insider Buying and Selling

In related news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the transaction, the director now directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 259,234 shares of company stock valued at $6,069,015. 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.