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

MRP Capital Investments LLC raised its position in Coupang, Inc. (NYSE:CPNG) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,825 shares of the company’s stock after buying an additional 1,925 shares during the quarter. MRP Capital Investments LLC’s holdings in Coupang were worth $985,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after buying an additional 6,584,910 shares in the last quarter. State Street Corp boosted its stake in Coupang by 1.9% in the third quarter. State Street Corp now owns 14,125,599 shares of the company’s stock valued at $346,783,000 after buying an additional 259,400 shares in the last quarter. Wellington Management Group LLP boosted its stake in Coupang by 43.2% in the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock valued at $211,868,000 after buying an additional 2,603,046 shares in the last quarter. Coronation Fund Managers Ltd. boosted its stake in Coupang by 53.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock valued at $162,292,000 after buying an additional 2,566,581 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Coupang by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock valued at $144,483,000 after buying an additional 29,164 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the firm’s 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 transaction, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,234 shares of company stock worth $6,069,015 over the last ninety days. 13.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CPNG. Barclays set a $35.00 price objective on Coupang and gave the company an “overweight” rating in a research note on Thursday, February 27th. Mizuho raised their price objective on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coupang has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Coupang Price Performance

Shares of CPNG opened at $23.34 on Friday. Coupang, Inc. has a 1 year low of $17.34 and a 1 year high of $26.91. 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 market capitalization of $42.13 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. The business has a 50-day moving average of $23.36 and a 200-day moving average of $23.91.

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.