Centiva Capital LP Acquires New Stake in Coupang, Inc. (NYSE:CPNG)

Centiva Capital LP bought a new position in Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 31,387 shares of the company's stock, valued at approximately $690,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang during the 4th quarter worth approximately $26,000. Berbice Capital Management LLC bought a new stake in Coupang in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. increased its position in Coupang by 520.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after buying an additional 1,640 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after purchasing an additional 1,986 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Coupang by 142.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after purchasing an additional 1,429 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Price Performance

Shares of CPNG traded up $0.15 on Monday, hitting $26.15. The company's stock had a trading volume of 8,763,821 shares, compared to its average volume of 7,697,774. The company has a market capitalization of $47.20 billion, a PE ratio of 45.87, a PEG ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $27.49. 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 50 day moving average price of $22.62 and a 200 day moving average price of $23.40.

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 company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. Coupang's quarterly revenue was up 11.2% on a year-over-year basis. On average, research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CPNG shares. Mizuho upgraded shares of Coupang to a "hold" rating in a report on Friday, April 18th. Barclays boosted their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, 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 report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.19.

Insider Activity at Coupang

In other news, 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 value of $5,857,500.00. Following the completion of the sale, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. The trade was a 12.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the transaction, 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 disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

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.