Sepio Capital LP Has $1.65 Million Stock Position in Coupang, Inc. (NYSE:CPNG)

Sepio Capital LP cut its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,870 shares of the company’s stock after selling 5,832 shares during the period. Sepio Capital LP’s holdings in Coupang were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Coupang during the 4th quarter valued at $404,896,000. Wellington Management Group LLP grew its stake in shares of Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after purchasing an additional 2,603,046 shares during the period. Coronation Fund Managers Ltd. increased its holdings 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 purchasing an additional 2,566,581 shares during the last quarter. Ninety One UK Ltd acquired a new position in Coupang in the fourth quarter valued at about $46,388,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Coupang during the fourth quarter worth about $35,580,000. Institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.

Coupang Trading Down 6.6 %

Shares of NYSE:CPNG opened at $20.05 on Friday. The firm has a market cap of $36.19 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 52.20 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $26.91. The company’s fifty day simple moving average is $23.46 and its 200 day simple moving average is $23.87.

Wall Street Analysts Forecast Growth

CPNG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Citigroup cut 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. Mizuho boosted their price target on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Finally, Barclays set a $35.00 price objective on shares of Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Coupang has an average rating of “Moderate Buy” and an average price target of $29.17.

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.