Coupang, Inc. (NYSE:CPNG) Stock Holdings Lifted by Dragoneer Investment Group LLC

Dragoneer Investment Group LLC grew its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,541,277 shares of the company's stock after buying an additional 1,690,826 shares during the period. Coupang accounts for approximately 7.9% of Dragoneer Investment Group LLC's portfolio, making the stock its 4th largest holding. Dragoneer Investment Group LLC owned approximately 1.14% of Coupang worth $451,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Coupang during the fourth quarter worth about $404,896,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares in the last quarter. Durable Capital Partners LP grew its holdings in shares of Coupang by 13.6% during the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after purchasing an additional 3,420,133 shares in the last quarter. Coronation Fund Managers Ltd. boosted its stake in Coupang by 53.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock worth $162,292,000 after buying an additional 2,566,581 shares in the last quarter. Finally, FMR LLC boosted its stake in Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after buying an additional 2,465,973 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Barclays upped their target price on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.19.

Coupang Stock Up 0.6%

CPNG traded up $0.15 during trading on Monday, reaching $26.15. The stock had a trading volume of 4,638,914 shares, compared to its average volume of 7,682,662. The stock's 50 day moving average is $22.62 and its two-hundred day moving average is $23.40. 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 company has a market capitalization of $47.20 billion, a price-to-earnings ratio of 45.86, a P/E/G ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a one year low of $18.16 and a one year high of $27.49.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Activity

In related news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the sale, the director now directly owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. This trade represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Pranam Kolari sold 9,347 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the transaction, the vice president now directly owns 177,106 shares in the company, valued at $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. 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.