Fiduciary Trust Co Has $289.85 Million Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Fiduciary Trust Co raised its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,186,940 shares of the company's stock after buying an additional 12,100 shares during the quarter. Coupang accounts for about 3.8% of Fiduciary Trust Co's portfolio, making the stock its 6th largest position. Fiduciary Trust Co owned approximately 0.73% of Coupang worth $289,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. 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 buying an additional 452 shares during the period. Angeles Wealth Management LLC raised its position in shares of Coupang by 0.8% during the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company's stock worth $1,211,000 after purchasing an additional 459 shares during the period. Virtus ETF Advisers LLC raised its position in shares of Coupang by 1.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company's stock worth $975,000 after purchasing an additional 466 shares during the period. IFP Advisors Inc raised its position in shares of Coupang by 3.8% during the fourth quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock worth $280,000 after purchasing an additional 469 shares during the period. Finally, Ignite Planners LLC raised its position in shares of Coupang by 2.5% during the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company's stock worth $452,000 after purchasing an additional 483 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Stock Up 1.4%

Coupang stock traded up $0.37 during midday trading on Friday, reaching $26.00. The stock had a trading volume of 14,831,247 shares, compared to its average volume of 7,693,474. The firm's fifty day simple moving average is $22.62 and its 200-day simple moving average is $23.40. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $27.03. The stock has a market capitalization of $46.94 billion, a P/E ratio of 45.61, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Coupang (NYSE:CPNG - Get Free Report) last announced its earnings results 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). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. Coupang's revenue was up 11.2% on a year-over-year basis. As a group, analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CPNG. Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. Barclays raised their price target on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.

Insider Activity at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Pranam Kolari sold 9,347 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were 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 owns 177,106 shares of the company's stock, valued at approximately $4,223,978.10. This represents 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 owned by insiders.

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.