Brown Advisory Inc. Sells 31,530 Shares of Coupang, Inc. (NYSE:CPNG)

Brown Advisory Inc. reduced its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CPNG. California State Teachers Retirement System grew its holdings in shares of Coupang by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock worth $1,879,000 after purchasing an additional 445 shares during the last quarter. Virtus ETF Advisers LLC grew its holdings in shares of Coupang by 1.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company's stock worth $975,000 after purchasing an additional 466 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Coupang by 4.2% in the first quarter. Resonant Capital Advisors LLC now owns 11,768 shares of the company's stock worth $258,000 after purchasing an additional 476 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Coupang by 8.6% in the fourth quarter. National Bank of Canada FI now owns 6,944 shares of the company's stock worth $153,000 after purchasing an additional 548 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its holdings in shares of Coupang by 1.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 49,908 shares of the company's stock worth $1,097,000 after purchasing an additional 603 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Insider Transactions at Coupang

In related news, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction dated 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 sale, the director directly owned 1,319,421 shares in the company, valued at approximately $37,418,779.56. This trade represents a 13.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction dated 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 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 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 quarter. Corporate insiders own 12.78% of the company's stock.

Wall Street Analyst Weigh In

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

Coupang Stock Down 1.2%

Shares of CPNG traded down $0.37 during trading hours on Friday, hitting $30.08. The company had a trading volume of 5,237,257 shares, compared to its average volume of 8,320,133. The firm has a fifty day moving average price of $28.19 and a 200-day moving average price of $24.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.16. The stock has a market capitalization of $54.61 billion, a price-to-earnings ratio of 214.86 and a beta of 1.16. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $30.91.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results 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). 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 10.07% and a net margin of 0.82%. The firm's revenue was up 11.2% on a year-over-year basis. On average, equities research analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

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.