Sciencast Management LP Buys Shares of 57,683 Coupang, Inc. (NYSE:CPNG)

Sciencast Management LP purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 57,683 shares of the company’s stock, valued at approximately $1,268,000.

A number of other large investors have also modified their holdings of the business. MRP Capital Investments LLC grew its stake in shares of Coupang by 4.5% during the fourth quarter. MRP Capital Investments LLC now owns 44,825 shares of the company’s stock worth $985,000 after acquiring an additional 1,925 shares during the last quarter. Douglass Winthrop Advisors LLC grew its stake in shares of Coupang by 2.3% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 295,686 shares of the company’s stock worth $6,499,000 after acquiring an additional 6,623 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Coupang during the fourth quarter worth about $338,000. Magnetar Financial LLC purchased a new stake in shares of Coupang during the fourth quarter worth about $3,189,000. Finally, Royal London Asset Management Ltd. grew its stake in shares of Coupang by 1.5% during the fourth quarter. Royal London Asset Management Ltd. now owns 484,315 shares of the company’s stock worth $10,645,000 after acquiring an additional 7,294 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Trading Up 0.2 %

Shares of NYSE:CPNG opened at $23.36 on Friday. Coupang, Inc. has a 12-month low of $17.34 and a 12-month high of $26.91. The company has a market capitalization of $42.17 billion, a PE ratio of 40.97, a PEG ratio of 52.20 and a beta of 1.10. The business has a 50 day moving average of $23.40 and a two-hundred day moving average of $23.93. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CPNG. Barclays set a $35.00 price target on Coupang and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Mizuho upped their target price on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a research report on Wednesday, February 26th. Finally, Citigroup dropped their target price on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.17.

Insider Transactions at Coupang

In related news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the 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 completion of the transaction, the vice president now directly owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 259,234 shares of company stock valued at $6,069,015 in the last three months. 13.60% of the stock is currently owned by company 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.