79,070 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems bought a new position in Coupang, Inc. (NYSE:CPNG - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 79,070 shares of the company's stock, valued at approximately $1,734,000.

Several other institutional investors and hedge funds have also made changes to their positions in CPNG. California State Teachers Retirement System lifted its position in Coupang by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock worth $1,879,000 after buying an additional 445 shares in the last quarter. Virtus ETF Advisers LLC boosted its holdings in Coupang by 1.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company's stock valued at $975,000 after purchasing an additional 466 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Coupang by 3.8% in the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock valued at $280,000 after buying an additional 469 shares during the period. National Bank of Canada FI grew its stake in shares of Coupang by 8.6% in the 4th quarter. National Bank of Canada FI now owns 6,944 shares of the company's stock valued at $153,000 after buying an additional 548 shares during the period. Finally, Snowden Capital Advisors LLC increased its holdings in shares of Coupang by 1.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 49,908 shares of the company's stock worth $1,097,000 after buying an additional 603 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 200,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the sale, the director now owns 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. This represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gaurav Anand sold 75,350 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $26.10, for a total transaction of $1,966,635.00. Following the sale, the chief financial officer now owns 2,267,290 shares in the company, valued at $59,176,269. The trade was a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,459,697 shares of company stock valued at $1,067,780,811. 12.78% of the stock is currently owned by corporate insiders.

Coupang Trading Up 3.6%

NYSE:CPNG traded up $1.09 during trading hours on Friday, reaching $30.90. 35,692,788 shares of the stock were exchanged, compared to its average volume of 8,199,379. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $30.90. The business has a 50-day moving average of $26.58 and a two-hundred day moving average of $24.15. The company has a market capitalization of $56.09 billion, a price-to-earnings ratio of 220.68 and a beta of 1.15. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23.

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 the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 0.82% and a return on equity of 10.07%. The firm had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $8.02 billion. The company's revenue was up 11.2% on a year-over-year basis. On average, equities analysts predict that Coupang, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

CPNG has been the topic of a number of recent analyst reports. Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. Wall Street Zen raised Coupang from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, Barclays increased their price target on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus 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.