Olympiad Research LP Acquires Shares of 14,278 Coupang, Inc. (NYSE:CPNG)

Olympiad Research LP acquired a new stake in Coupang, Inc. (NYSE:CPNG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,278 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Coupang by 32.0% in the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after purchasing an additional 6,584,910 shares during the last quarter. State Street Corp boosted its stake in shares of Coupang by 1.9% in the 3rd quarter. State Street Corp now owns 14,125,599 shares of the company’s stock valued at $346,783,000 after purchasing an additional 259,400 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Coupang by 43.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock valued at $211,868,000 after purchasing an additional 2,603,046 shares during the last quarter. Coronation Fund Managers Ltd. boosted its stake in shares of Coupang by 53.3% in the 4th 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. Finally, Geode Capital Management LLC boosted its stake in shares of Coupang by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock valued at $144,483,000 after purchasing an additional 29,164 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Down 1.3 %

Coupang stock opened at $24.80 on Friday. The company’s 50 day simple moving average is $23.10 and its 200 day simple moving average is $23.82. Coupang, Inc. has a fifty-two week low of $15.81 and a fifty-two week high of $26.91. The firm has a market capitalization of $44.60 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 52.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Analyst Ratings Changes

Several research analysts have recently issued reports on CPNG shares. Barclays raised their target price on shares of Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup reduced their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.78.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the sale, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 13.60% of the company’s stock.

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.