Coupang, Inc. (NYSE:CPNG) Stock Position Lowered by Northern Trust Corp

Northern Trust Corp reduced its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,580,552 shares of the company's stock after selling 315,885 shares during the quarter. Northern Trust Corp owned approximately 0.31% of Coupang worth $122,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang in the 4th quarter valued at approximately $26,000. Berbice Capital Management LLC bought a new stake in Coupang during the fourth quarter valued at $31,000. Allworth Financial LP raised 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 during the period. TD Waterhouse Canada Inc. lifted its position in shares of Coupang by 142.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after buying an additional 1,429 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Coupang by 34.7% in the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after buying an additional 822 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Price Performance

Shares of Coupang stock traded up $2.76 on Wednesday, hitting $26.76. The company had a trading volume of 24,118,065 shares, compared to its average volume of 7,753,232. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $26.99. 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 market cap of $48.31 billion, a PE ratio of 46.94, a PEG ratio of 52.20 and a beta of 1.08. The business has a 50-day simple moving average of $22.47 and a 200-day simple moving average of $23.40.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Mizuho upgraded shares of Coupang to a "hold" rating in a research note on Friday, April 18th. Barclays set a $35.00 price target on Coupang and gave the stock an "overweight" rating in a report on Thursday, February 27th. Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $29.06.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 9,347 shares of Coupang 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 transaction, the vice president now 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

Coupang 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.