Machina Capital S.A.S. Grows Holdings in Coupang, Inc. (NYSE:CPNG)

Machina Capital S.A.S. increased its position in shares of Coupang, Inc. (NYSE:CPNG) by 123.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,471 shares of the company’s stock after buying an additional 18,470 shares during the period. Machina Capital S.A.S.’s holdings in Coupang were worth $736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPNG. FMR LLC grew its holdings in Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after acquiring an additional 6,584,910 shares in the last quarter. State Street Corp grew its holdings in Coupang by 1.9% during the 3rd quarter. State Street Corp now owns 14,125,599 shares of the company’s stock worth $346,783,000 after acquiring an additional 259,400 shares in the last quarter. Wellington Management Group LLP grew its holdings in Coupang by 43.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after acquiring an additional 2,603,046 shares in the last quarter. Coronation Fund Managers Ltd. grew its holdings in 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 acquiring an additional 2,566,581 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Coupang by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock worth $144,483,000 after acquiring an additional 29,164 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Trading Down 1.9 %

NYSE CPNG opened at $22.73 on Friday. Coupang, Inc. has a one year low of $17.34 and a one year high of $26.91. The company has a 50-day simple moving average of $23.28 and a 200-day simple moving average of $23.91. 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.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Mizuho raised their price objective on shares of Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Citigroup decreased their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays set a $35.00 price objective on shares of Coupang and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, 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 report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were 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 $3,143,801.88. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.60% of the stock is currently owned by company insiders.

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.