Coupang, Inc. (NYSE:CPNG) Stock Position Lessened by Rubicon Global Capital Ltd

Rubicon Global Capital Ltd lowered its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,088,390 shares of the company's stock after selling 89,210 shares during the quarter. Coupang makes up 8.1% of Rubicon Global Capital Ltd's holdings, making the stock its 3rd largest position. Rubicon Global Capital Ltd owned about 0.06% of Coupang worth $23,868,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CPNG. California State Teachers Retirement System lifted its holdings in Coupang by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock valued at $1,879,000 after purchasing an additional 445 shares in the last quarter. Virtus ETF Advisers LLC raised its position in shares of Coupang by 1.1% during the 4th 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. IFP Advisors Inc lifted its stake in 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 in the last quarter. National Bank of Canada FI lifted its stake in 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 in the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in Coupang by 1.2% in 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 owned by institutional investors and hedge funds.

Insider Transactions at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $25.75, for a total value of $772,500,000.00. Following the sale, the insider now directly owns 319,542,259 shares of the company's stock, valued at approximately $8,228,213,169.25. The trade was a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the transaction, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This represents a 12.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,709,697 shares of company stock worth $791,138,311 in the last 90 days. Insiders own 12.78% of the company's stock.

Coupang Price Performance

Shares of CPNG remained flat at $28.28 during midday trading on Thursday. The company's stock had a trading volume of 2,047,640 shares, compared to its average volume of 8,033,195. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $29.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The business has a fifty day simple moving average of $24.92 and a 200 day simple moving average of $23.85. The company has a market capitalization of $51.35 billion, a PE ratio of 49.61, a PEG ratio of 52.20 and a beta of 1.15.

Coupang (NYSE:CPNG - Get Free Report) last released 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 return on equity of 11.52% and a net margin of 3.57%. The firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. The business's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.