Berbice Capital Management LLC Makes New $31,000 Investment in Coupang, Inc. (NYSE:CPNG)

Berbice Capital Management LLC bought a new position in Coupang, Inc. (NYSE:CPNG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,400 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds also recently bought and sold shares of the company. Ignite Planners LLC increased its position in Coupang by 2.5% in the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock worth $452,000 after purchasing an additional 483 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after acquiring an additional 484 shares during the last quarter. Covestor Ltd increased its holdings in shares of Coupang by 10.4% during the 3rd quarter. Covestor Ltd now owns 6,479 shares of the company’s stock valued at $159,000 after acquiring an additional 612 shares during the last quarter. Janus Henderson Group PLC increased its holdings 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 last quarter. Finally, Advisory Resource Group increased its holdings in shares of Coupang by 1.9% during the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock valued at $1,083,000 after acquiring an additional 823 shares during the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Price Performance

Shares of NYSE:CPNG opened at $22.01 on Friday. The business has a 50 day moving average price of $23.23 and a 200 day moving average price of $23.31. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91. The company has a market cap of $39.60 billion, a price-to-earnings ratio of 38.84, a PEG ratio of 38.88 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter last year, the company earned $0.05 EPS. The company’s quarterly revenue was up 27.2% on a year-over-year basis. Research analysts predict that Coupang, Inc. will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction on Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of the stock in a transaction dated Monday, November 11th. The stock was purchased at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the purchase, the director now directly owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. This trade represents a 1.32 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

CPNG has been the topic of a number of analyst reports. Citigroup lowered their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Monday, October 7th. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $27.56.

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.