Aries Wealth Management Makes New $203,000 Investment in Coupang, Inc. (NYSE:CPNG)

Aries Wealth Management bought a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,240 shares of the company's stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also bought and sold shares of CPNG. Allspring Global Investments Holdings LLC grew its holdings in Coupang by 23.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock valued at $4,861,000 after buying an additional 41,384 shares in the last quarter. New York Life Investment Management LLC bought a new stake in Coupang in the 4th quarter worth approximately $349,000. Deutsche Bank AG boosted its stake in shares of Coupang by 25.7% in the 4th quarter. Deutsche Bank AG now owns 90,833 shares of the company's stock valued at $1,997,000 after purchasing an additional 18,593 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Coupang during the fourth quarter valued at about $1,394,000. Finally, Vanguard Group Inc. grew its position in Coupang by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,366,214 shares of the company's stock worth $117,949,000 after acquiring an additional 54,364 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Insider Transactions at Coupang

In other Coupang news, Director Benjamin Sun sold 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the completion of the transaction, the director now owns 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. This trade represents a 13.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the vice president now directly owns 177,106 shares in the company, 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. In the last quarter, insiders sold 40,459,697 shares of company stock valued at $1,067,780,811. Corporate insiders own 12.78% of the company's stock.

Coupang Trading Up 0.5%

NYSE CPNG traded up $0.13 during trading on Thursday, hitting $28.38. The company had a trading volume of 8,252,471 shares, compared to its average volume of 8,001,639. 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, Inc. has a one year low of $18.16 and a one year high of $29.12. The company has a market cap of $51.53 billion, a price-to-earnings ratio of 202.72 and a beta of 1.15. The company's fifty day moving average is $25.69 and its 200-day moving average is $23.95.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly 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). The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. Coupang's quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CPNG shares. Barclays lifted their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.64.

About Coupang

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.