Stevens Capital Management LP Purchases Shares of 12,148 Coupang, Inc. (NYSE:CPNG)

Stevens Capital Management LP purchased a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,148 shares of the company's stock, valued at approximately $267,000.

Several other institutional investors have also modified their holdings of the stock. FMR LLC lifted its holdings in Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company's stock valued at $666,621,000 after acquiring an additional 6,584,910 shares during the last quarter. State Street Corp lifted its stake in shares of Coupang by 1.9% in the 3rd quarter. State Street Corp now owns 14,125,599 shares of the company's stock valued at $346,783,000 after purchasing an additional 259,400 shares during the last quarter. Wellington Management Group LLP lifted its stake 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 during the last quarter. Coronation Fund Managers Ltd. increased its position in shares of Coupang by 53.3% during the 4th quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock worth $162,292,000 after purchasing an additional 2,566,581 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Coupang by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock valued at $144,483,000 after buying an additional 29,164 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have weighed in on CPNG. Mizuho lifted their price target on shares of Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Barclays set a $35.00 target price on shares of Coupang and gave the company an "overweight" rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. Finally, Citigroup dropped their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.17.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the sale, the director now directly owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,234 shares of company stock valued at $6,069,015 in the last quarter. Corporate insiders own 13.60% of the company's stock.

Coupang Stock Down 5.1 %

NYSE:CPNG traded down $1.21 during midday trading on Friday, reaching $22.32. The company had a trading volume of 7,408,783 shares, compared to its average volume of 8,448,424. Coupang, Inc. has a 12-month low of $17.67 and a 12-month high of $26.91. The firm has a market capitalization of $40.29 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 52.20 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock's fifty day simple moving average is $23.52 and its 200-day simple moving average is $23.94.

About Coupang

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.