Jacobs Levy Equity Management Inc. Purchases 2,979,981 Shares of Coupang, Inc. (NYSE:CPNG)

Jacobs Levy Equity Management Inc. lifted its position in shares of Coupang, Inc. (NYSE:CPNG) by 106.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,778,763 shares of the company’s stock after acquiring an additional 2,979,981 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Coupang were worth $127,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CPNG. Pacer Advisors Inc. lifted its stake in Coupang by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock worth $253,000 after purchasing an additional 452 shares during the last quarter. Angeles Wealth Management LLC raised its holdings in shares of Coupang by 0.8% during the 4th quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock worth $1,211,000 after buying an additional 459 shares in the last quarter. Virtus ETF Advisers LLC boosted its stake in Coupang by 1.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company’s stock valued at $975,000 after buying an additional 466 shares in the last quarter. IFP Advisors Inc boosted its stake in Coupang by 3.8% in the fourth quarter. IFP Advisors Inc now owns 12,734 shares of the company’s stock valued at $280,000 after buying an additional 469 shares in the last quarter. Finally, Ignite Planners LLC grew its position in Coupang by 2.5% in the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock valued at $452,000 after acquiring an additional 483 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Up 1.4 %

NYSE:CPNG opened at $26.00 on Friday. Coupang, Inc. has a one year low of $18.16 and a one year high of $27.03. 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 cap of $46.94 billion, a PE ratio of 45.61, a P/E/G ratio of 52.20 and a beta of 1.08. The firm’s 50 day simple moving average is $22.62 and its 200 day simple moving average is $23.42.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company’s revenue was up 11.2% compared to the same quarter last year. On average, research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

CPNG has been the subject of a number of research reports. Barclays increased their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research note on Wednesday, February 26th. Finally, Mizuho raised shares of Coupang to a “hold” rating in a research note on Friday, April 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Coupang has an average rating of “Moderate Buy” and an average target price of $29.19.

Insider Buying and Selling at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the sale, the director now directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Pranam Kolari sold 9,347 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the sale, the vice president now owns 177,106 shares of the company’s stock, valued at approximately $4,223,978.10. This trade represents a 5.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.