MRP Capital Investments LLC Has $985,000 Stock Position in Coupang, Inc. (NYSE:CPNG)

MRP Capital Investments LLC increased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,825 shares of the company’s stock after purchasing an additional 1,925 shares during the period. MRP Capital Investments LLC’s holdings in Coupang were worth $985,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in Coupang by 85.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock valued at $24,182,000 after acquiring an additional 506,622 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Coupang by 23.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company’s stock valued at $4,861,000 after acquiring an additional 41,384 shares during the period. Elevate Capital Advisors LLC acquired a new stake in Coupang in the fourth quarter valued at approximately $2,618,000. Charles Schwab Investment Management Inc. grew its stake in Coupang by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock valued at $18,640,000 after acquiring an additional 138,416 shares during the period. Finally, Plotkin Financial Advisors LLC acquired a new stake in Coupang in the third quarter valued at approximately $491,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CPNG shares. Barclays set a $35.00 target price on Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. Mizuho lifted 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 raised 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 cut 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 analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.17.

Coupang Stock Performance

Shares of Coupang stock opened at $23.34 on Friday. The business’s fifty day simple moving average is $23.36 and its 200 day simple moving average is $23.91. The firm has a market capitalization of $42.13 billion, a P/E ratio of 40.94, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 12 month low of $17.34 and a 12 month high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Insider Activity

In other news, VP Pranam Kolari sold 8,459 shares of the company’s 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This trade represents a 12.69 % decrease in their position. 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 90 days. Insiders own 13.60% of the company’s stock.

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.