Olympiad Research LP Takes Position in Coupang, Inc. (NYSE:CPNG)

Olympiad Research LP acquired a new stake in Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 14,278 shares of the company’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Matauro LLC acquired a new stake in shares of Coupang in the fourth quarter valued at approximately $285,000. Flossbach Von Storch SE increased its holdings in Coupang by 9.4% during the fourth quarter. Flossbach Von Storch SE now owns 175,000 shares of the company’s stock worth $3,846,000 after buying an additional 15,000 shares during the last quarter. Private Advisor Group LLC increased its holdings in Coupang by 37.5% during the fourth quarter. Private Advisor Group LLC now owns 81,551 shares of the company’s stock worth $1,792,000 after buying an additional 22,253 shares during the last quarter. Alberta Investment Management Corp increased its holdings in Coupang by 7.0% during the fourth quarter. Alberta Investment Management Corp now owns 481,908 shares of the company’s stock worth $10,592,000 after buying an additional 31,423 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in Coupang by 3.4% during the fourth quarter. D.A. Davidson & CO. now owns 125,539 shares of the company’s stock worth $2,759,000 after buying an additional 4,166 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Citigroup lowered their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.78.

Insiders Place Their Bets

In other 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 value of $194,387.82. Following the completion of the sale, the vice president now owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 13.60% of the company’s stock.

Coupang Trading Down 1.3 %

CPNG stock opened at $24.80 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The company has a fifty day moving average price of $23.10 and a two-hundred day moving average price of $23.82. Coupang, Inc. has a one year low of $15.81 and a one year high of $26.91. The stock has a market cap of $44.60 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 52.20 and a beta of 1.11.

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.