Machina Capital S.A.S. Has $736,000 Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Machina Capital S.A.S. raised its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 123.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,471 shares of the company's stock after acquiring an additional 18,470 shares during the quarter. Machina Capital S.A.S.'s holdings in Coupang were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPNG. Edgestream Partners L.P. purchased a new stake in Coupang during the fourth quarter valued at about $1,302,000. Candriam S.C.A. purchased a new stake in Coupang during the fourth quarter valued at about $4,387,000. Proficio Capital Partners LLC purchased a new stake in Coupang during the fourth quarter valued at about $854,000. Keybank National Association OH purchased a new stake in Coupang during the fourth quarter valued at about $360,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Coupang by 20.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 913,789 shares of the company's stock valued at $20,085,000 after buying an additional 154,503 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPNG has been the subject of a number of research analyst reports. Barclays set a $35.00 price target on shares of Coupang and gave the stock an "overweight" rating in a research report on Thursday, February 27th. 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. Mizuho increased their price target on shares of Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Finally, Citigroup reduced their price target on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Coupang presently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

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Insider Activity

In other Coupang news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction 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 trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.60% of the stock is owned by company insiders.

Coupang Stock Performance

Shares of CPNG traded down $0.45 during mid-day trading on Friday, hitting $22.73. The company's stock had a trading volume of 7,307,375 shares, compared to its average volume of 8,793,827. Coupang, Inc. has a one year low of $17.34 and a one year high of $26.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The firm has a market capitalization of $40.88 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. The stock's 50-day moving average is $23.28 and its two-hundred day moving average is $23.92.

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.