Deutsche Bank AG Boosts Stock Position in Coupang, Inc. (NYSE:CPNG)

Deutsche Bank AG lifted its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 25.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,833 shares of the company's stock after buying an additional 18,593 shares during the period. Deutsche Bank AG's holdings in Coupang were worth $1,997,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. bought a new position in Coupang during the fourth quarter valued at $26,000. Berbice Capital Management LLC purchased a new stake in Coupang in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. lifted its stake in Coupang by 520.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after purchasing an additional 1,640 shares during the last quarter. Allworth Financial LP boosted its position in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after buying an additional 1,986 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after buying an additional 1,429 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Stock Down 1.5%

Shares of Coupang stock traded down $0.42 during trading on Thursday, hitting $27.89. 9,808,564 shares of the stock traded hands, compared to its average volume of 7,975,272. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $28.61. The stock's fifty day simple moving average is $23.84 and its 200 day simple moving average is $23.61. The firm has a market cap of $50.63 billion, a P/E ratio of 48.92, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last posted its 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). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company 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% compared to the same quarter last year. On average, equities analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Coupang

In related news, 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 value 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. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the sale, the director now owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. The trade was a 12.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,334,697 shares of company stock worth $780,547,061 over the last three months. Corporate insiders own 13.60% of the company's stock.

Analysts Set New Price Targets

CPNG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Barclays upped their price target on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Coupang currently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

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.