Bokf Na Cuts Stock Holdings in Coupang, Inc. (NYSE:CPNG)

BOKF NA trimmed its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 88.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,900 shares of the company's stock after selling 167,821 shares during the period. BOKF NA's holdings in Coupang were worth $489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Coupang by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock valued at $253,000 after purchasing an additional 452 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in Coupang by 0.8% in the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company's stock valued at $1,211,000 after purchasing an additional 459 shares during the last quarter. Virtus ETF Advisers LLC lifted 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 purchasing an additional 466 shares during the last quarter. IFP Advisors Inc lifted 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 purchasing an additional 469 shares during the last quarter. Finally, Ignite Planners LLC lifted its stake 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 purchasing an additional 483 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Price Performance

Shares of Coupang stock traded up $0.44 during trading on Tuesday, hitting $26.58. The stock had a trading volume of 25,854,807 shares, compared to its average volume of 7,761,739. The firm has a market cap of $47.99 billion, a price-to-earnings ratio of 46.63, a P/E/G ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $27.03. The business's 50-day moving average is $22.66 and its 200 day moving average is $23.41. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

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

Insider Activity at Coupang

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total transaction of $222,925.95. Following the completion of the sale, the vice president now directly owns 177,106 shares in the company, valued at $4,223,978.10. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $25.75, for a total transaction of $772,500,000.00. Following the sale, the insider now owns 319,542,259 shares of the company's stock, valued at approximately $8,228,213,169.25. The trade was a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,259,347 shares of company stock valued at $778,580,426 over the last 90 days. 13.60% of the stock is owned by insiders.

Analyst Ratings Changes

CPNG has been the topic of several research analyst reports. Barclays upped their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a research report on Wednesday, February 26th. Finally, Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Coupang currently 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.