Matauro LLC Takes $285,000 Position in Coupang, Inc. (NYSE:CPNG)

Matauro LLC purchased a new stake in Coupang, Inc. (NYSE:CPNG) in the fourth quarter, Holdings Channel reports. The firm purchased 12,968 shares of the company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Coupang by 32.0% in the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after buying an additional 6,584,910 shares during the period. Coronation Fund Managers Ltd. grew its holdings in Coupang by 139.1% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after acquiring an additional 2,802,325 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Coupang by 43.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock valued at $211,868,000 after purchasing an additional 2,603,046 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Coupang by 762.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company’s stock worth $68,710,000 after purchasing an additional 2,474,175 shares during the period. Finally, Ninety One UK Ltd bought a new position in shares of Coupang during the fourth quarter valued at approximately $46,388,000. Institutional investors own 83.72% of the company’s stock.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.60% of the company’s stock.

Coupang Stock Down 1.3 %

Coupang stock opened at $24.80 on Friday. The business has a fifty day moving average price of $23.10 and a 200-day moving average price of $23.79. Coupang, Inc. has a 1-year low of $15.81 and a 1-year high of $26.91. The stock has a market capitalization of $44.60 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 53.01 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CPNG shares. Citigroup reduced their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Barclays boosted their price target on Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Coupang has a consensus rating of “Moderate Buy” and an average target price of $27.78.

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.