Berbice Capital Management LLC Invests $31,000 in Coupang, Inc. (NYSE:CPNG)

Berbice Capital Management LLC acquired a new position in shares of Coupang, Inc. (NYSE:CPNG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,400 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its position in Coupang by 8.1% during the 2nd quarter. Amalgamated Bank now owns 78,273 shares of the company’s stock worth $1,640,000 after acquiring an additional 5,875 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Coupang by 360.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock valued at $86,000 after purchasing an additional 3,224 shares in the last quarter. Xponance Inc. raised its position in shares of Coupang by 6.8% in the 2nd quarter. Xponance Inc. now owns 150,157 shares of the company’s stock valued at $3,146,000 after purchasing an additional 9,511 shares in the last quarter. Marshall Wace LLP raised its position in shares of Coupang by 123.6% in the 2nd quarter. Marshall Wace LLP now owns 206,248 shares of the company’s stock valued at $4,321,000 after purchasing an additional 114,002 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Coupang by 267.8% in the 2nd quarter. AQR Capital Management LLC now owns 299,867 shares of the company’s stock valued at $6,282,000 after purchasing an additional 218,340 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. 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. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, October 7th. One 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 has an average rating of “Moderate Buy” and an average price target of $27.56.

Coupang Price Performance

Shares of CPNG opened at $22.01 on Friday. The company has a market cap of $39.60 billion, a P/E ratio of 38.84, a PEG ratio of 38.88 and a beta of 1.10. The stock has a fifty day moving average price of $23.23 and a 200 day moving average price of $23.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $26.91.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, research analysts forecast that Coupang, Inc. will post 0.14 earnings per share for the current year.

Insider Transactions at Coupang

In other news, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the sale, the chief executive officer now owns 2,000,000 shares in the company, valued at $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of Coupang stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now owns 52,726,423 shares of the company’s stock, valued at $1,269,652,265.84. The trade was a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.