Coupang, Inc. (NYSE:CPNG) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 97.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,249,233 shares of the company's stock after acquiring an additional 1,107,659 shares during the quarter. Dimensional Fund Advisors LP owned 0.13% of Coupang worth $49,440,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CPNG. Wingate Wealth Advisors Inc. purchased a new stake in Coupang in the fourth quarter worth $26,000. Berbice Capital Management LLC bought a new stake in shares of Coupang during the fourth quarter valued at approximately $31,000. Allworth Financial LP increased its holdings in Coupang by 11,033.3% during the 4th 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. Signaturefd LLC lifted its holdings 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 period. Finally, Atala Financial Inc purchased a new position in shares of Coupang during the fourth quarter valued at $80,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Stock Performance

CPNG traded up $2.73 during trading on Wednesday, reaching $26.73. 19,476,190 shares of the company's stock were exchanged, compared to its average volume of 7,736,836. The company's fifty day simple moving average is $22.47 and its 200-day simple moving average is $23.40. The stock has a market capitalization of $48.26 billion, a P/E ratio of 47.06, 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 current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $26.99.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 EPS 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 analysts' expectations of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business's revenue was up 11.2% on a year-over-year basis. As a group, research analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 transaction of $5,857,500.00. Following the completion of the sale, the director now owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Pranam Kolari sold 9,347 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction 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. This trade represents a 5.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CPNG shares. Citigroup dropped their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a research report on Wednesday, February 26th. Barclays set a $35.00 price objective on Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Mizuho upgraded shares of Coupang to a "hold" rating in a report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Coupang presently has an average rating of "Moderate Buy" and a consensus price target of $29.06.

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.