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

Stevens Capital Management LP acquired a new position in shares of Coupang, Inc. (NYSE:CPNG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,148 shares of the company’s stock, valued at approximately $267,000.

A number of other large investors have also recently made changes to their positions in CPNG. Wingate Wealth Advisors Inc. purchased a new position in shares of Coupang during the fourth quarter valued at approximately $26,000. Brooklyn Investment Group purchased a new position in Coupang during the 3rd quarter worth $28,000. Berbice Capital Management LLC purchased a new position in Coupang during the 4th quarter worth $31,000. Allworth Financial LP grew its stake in shares of Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after acquiring an additional 1,986 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Coupang by 34.7% in the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock valued at $70,000 after purchasing an additional 822 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Benjamin Sun sold 250,000 shares of the business’s 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 in the company, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the stock in a transaction dated Monday, February 3rd. The stock was 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 in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 259,234 shares of company stock valued at $6,069,015 over the last quarter. Company insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CPNG shares. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Barclays set a $35.00 target price on Coupang and gave the company an “overweight” rating in a report on Thursday, February 27th. Mizuho lifted their price target on Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Finally, Citigroup reduced 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 investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Coupang currently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Coupang Price Performance

NYSE CPNG opened at $23.57 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a market cap of $42.55 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 52 week low of $17.34 and a 52 week high of $26.91. The firm’s 50-day simple moving average is $23.44 and its two-hundred day simple moving average is $23.94.

Coupang Company 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.