Coupang, Inc. (NYSE:CPNG) Holdings Decreased by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 378,852 shares of the company's stock after selling 31,530 shares during the period. Brown Advisory Inc.'s holdings in Coupang were worth $8,308,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Davidson Kahn Capital Management LLC boosted its stake in shares of Coupang by 31.6% in the first quarter. Davidson Kahn Capital Management LLC now owns 103,567 shares of the company's stock valued at $2,271,000 after buying an additional 24,877 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Coupang by 40.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 305,512 shares of the company's stock valued at $6,776,000 after buying an additional 87,412 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Coupang by 25.7% in the fourth quarter. Deutsche Bank AG now owns 90,833 shares of the company's stock valued at $1,997,000 after buying an additional 18,593 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Coupang in the first quarter valued at $241,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Coupang in the fourth quarter valued at $1,394,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Insider Activity

In related news, Director Greenoaks Capital Partners Llc bought 650,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of $26.86 per share, for a total transaction of $17,459,000.00. Following the acquisition, the director directly owned 55,131,161 shares of the company's stock, valued at $1,480,822,984.46. The trade was a 1.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total value of $5,672,000.00. Following the completion of the transaction, the director owned 1,319,421 shares in the company, valued at $37,418,779.56. The trade was a 13.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,459,697 shares of company stock worth $1,067,780,811 over the last ninety days. 12.78% of the stock is currently owned by company insiders.

Coupang Stock Up 1.6%

NYSE CPNG traded up $0.48 during mid-day trading on Tuesday, reaching $31.09. 8,069,375 shares of the company's stock traded hands, compared to its average volume of 8,347,301. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $31.42. The company has a fifty day simple moving average of $28.33 and a 200-day simple moving average of $24.75. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. The company has a market cap of $56.45 billion, a price-to-earnings ratio of 222.07 and a beta of 1.16.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $7.91 billion during 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 company's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CPNG shares. Barclays increased their target price on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. Finally, Wall Street Zen upgraded Coupang from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Coupang presently has an average rating of "Moderate Buy" and a consensus target price of $30.08.

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.