274,254 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 274,254 shares of the company's stock, valued at approximately $6,028,000.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in Coupang by 85.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock valued at $24,182,000 after acquiring an additional 506,622 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Coupang by 23.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock valued at $4,861,000 after purchasing an additional 41,384 shares during the last quarter. Elevate Capital Advisors LLC acquired a new stake in shares of Coupang in the 4th quarter valued at about $2,618,000. New York Life Investment Management LLC purchased a new position in Coupang during the 4th quarter worth approximately $349,000. Finally, Ninety One UK Ltd acquired a new position in Coupang during the fourth quarter worth approximately $46,388,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Performance

Shares of NYSE:CPNG traded up $0.38 during midday trading on Friday, hitting $27.22. The stock had a trading volume of 19,843,278 shares, compared to its average volume of 7,878,639. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $27.72. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $22.91 and a two-hundred day moving average price of $23.46. The company has a market capitalization of $49.15 billion, a PE ratio of 47.76, a P/E/G ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The business had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm's revenue was up 11.2% on a year-over-year basis. As a group, equities analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the business's 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 directly owns 177,106 shares in the company, valued at approximately $4,223,978.10. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gaurav Anand sold 75,350 shares of Coupang stock in a transaction on Monday, May 12th. The stock was sold at an average price of $26.10, for a total value of $1,966,635.00. Following the transaction, the chief financial officer now directly owns 2,267,290 shares of the company's stock, valued at $59,176,269. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,334,697 shares of company stock valued at $780,547,061 over the last quarter. Company insiders own 13.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective on the stock in a research report on Wednesday, February 26th. Finally, Mizuho raised shares of Coupang to a "hold" rating in a report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Coupang has an average rating of "Moderate Buy" and a consensus target price of $29.19.

About Coupang

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.