Empowered Funds LLC Invests $772,000 in Coupang, Inc. (NYSE:CPNG)

Empowered Funds LLC bought a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,114 shares of the company's stock, valued at approximately $772,000.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Coupang in the third quarter worth $28,000. Van ECK Associates Corp increased its stake in shares of Coupang by 63.1% in 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. Berbice Capital Management LLC acquired a new position in shares of Coupang in the fourth quarter worth $31,000. Signaturefd LLC increased its stake in shares of Coupang by 438.9% in the third quarter. Signaturefd LLC now owns 2,371 shares of the company's stock worth $58,000 after acquiring an additional 1,931 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of Coupang by 10.4% in the third quarter. Covestor Ltd now owns 6,479 shares of the company's stock worth $159,000 after acquiring an additional 612 shares during the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction dated 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 owns 136,806 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. Corporate insiders own 13.60% of the company's stock.

Coupang Stock Performance

CPNG stock traded down $0.34 during mid-day trading on Friday, reaching $24.80. 7,699,497 shares of the stock traded hands, compared to its average volume of 7,530,991. 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, Inc. has a 52 week low of $15.81 and a 52 week high of $26.91. The business has a 50-day moving average of $23.10 and a two-hundred day moving average of $23.79. The firm has a market capitalization of $44.60 billion, a PE ratio of 43.50, a P/E/G ratio of 53.01 and a beta of 1.11.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of research reports. Citigroup dropped their price target on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Barclays upped their price objective on shares of Coupang from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Coupang presently has an average rating of "Moderate Buy" and a consensus 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.