Deutsche Bank AG Acquires 18,593 Shares of Coupang, Inc. (NYSE:CPNG)

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

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its stake in Coupang by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after acquiring an additional 17,123,637 shares during the last quarter. FMR LLC raised its holdings in Coupang by 9.1% during the 4th quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after buying an additional 2,465,973 shares during the period. Durable Capital Partners LP raised its holdings in Coupang by 13.6% during the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after buying an additional 3,420,133 shares during the period. Dragoneer Investment Group LLC raised its holdings in Coupang by 9.0% during the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock worth $451,497,000 after buying an additional 1,690,826 shares during the period. Finally, Dodge & Cox raised its holdings in Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock worth $444,640,000 after buying an additional 123,900 shares during the period. Institutional investors own 83.72% of the company's stock.

Coupang Stock Down 0.3%

Shares of CPNG traded down $0.08 during trading hours on Wednesday, reaching $28.37. The stock had a trading volume of 3,333,353 shares, compared to its average volume of 7,941,000. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $28.60. The firm has a 50-day simple moving average of $23.65 and a 200 day simple moving average of $23.55. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $51.50 billion, a price-to-earnings ratio of 49.87, a P/E/G ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business's revenue was up 11.2% on a year-over-year basis. Equities research analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the 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 sale, the director now owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the 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. This trade represents a 8.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,334,697 shares of company stock valued at $780,547,061 over the last three months. 13.60% of the stock is currently owned by insiders.

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.