12,379 Shares in Coupang, Inc. (NYSE:CPNG) Bought by Forum Financial Management LP

Forum Financial Management LP bought a new position in Coupang, Inc. (NYSE:CPNG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,379 shares of the company's stock, valued at approximately $271,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Grove Bank & Trust purchased a new position in Coupang in the 1st quarter worth $33,000. Itau Unibanco Holding S.A. raised its stake in shares of Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after buying an additional 1,640 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Coupang by 142.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after buying an additional 1,429 shares during the last quarter. Signaturefd LLC raised its stake in shares of Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after buying an additional 822 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Coupang by 23.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,211 shares of the company's stock valued at $70,000 after buying an additional 606 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Insider Activity

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the business'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 value of $222,925.95. Following the sale, the vice president owned 177,106 shares of the company's stock, valued at $4,223,978.10. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gaurav Anand sold 175,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total value of $4,919,250.00. Following the completion of the sale, the chief financial officer directly owned 2,092,290 shares in the company, valued at approximately $58,814,271.90. The trade was a 7.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,459,697 shares of company stock worth $1,067,780,811. 12.78% of the stock is owned by company insiders.

Coupang Trading Up 1.2%

CPNG stock opened at $31.52 on Friday. The stock has a market cap of $57.23 billion, a price-to-earnings ratio of 225.14 and a beta of 1.16. The business's 50-day moving average is $28.78 and its 200 day moving average is $24.99. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $31.60. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23.

Coupang (NYSE:CPNG - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. The business's quarterly revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Coupang from a "buy" rating to a "hold" rating in a research note on Sunday. Barclays lifted their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Mizuho upgraded Coupang to a "hold" rating in a research note on Friday, April 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.08.

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.

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