Coupang, Inc. (NYSE:CPNG) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,833 shares of the company's stock after buying an additional 18,593 shares during the quarter. Deutsche Bank AG's holdings in Coupang were worth $1,997,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in shares of Coupang in the fourth quarter worth $300,000. SG Americas Securities LLC grew its stake in Coupang by 1,053.7% during the 4th quarter. SG Americas Securities LLC now owns 407,940 shares of the company's stock worth $8,967,000 after purchasing an additional 372,581 shares in the last quarter. RFG Advisory LLC increased its holdings in Coupang by 47.9% during the 4th quarter. RFG Advisory LLC now owns 30,357 shares of the company's stock worth $667,000 after purchasing an additional 9,833 shares during the period. Berbice Capital Management LLC acquired a new stake in Coupang in the 4th quarter valued at about $31,000. Finally, Blue Trust Inc. boosted its stake in shares of Coupang by 25.7% in the 4th quarter. Blue Trust Inc. now owns 9,253 shares of the company's stock valued at $203,000 after buying an additional 1,891 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.

Insider Buying and Selling

In other Coupang news, Director Greenoaks Capital Partners Llc acquired 650,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of $26.86 per share, for a total transaction of $17,459,000.00. Following the completion of the purchase, the director now owns 55,131,161 shares in the company, valued at $1,480,822,984.46. This trade represents a 1.19% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Gaurav Anand sold 75,350 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 2,267,290 shares in the company, valued at approximately $59,176,269. This represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,334,697 shares of company stock worth $780,547,061 in the last quarter. 13.60% of the stock is owned by insiders.

Coupang Stock Up 3.5%

Shares of NYSE CPNG traded up $0.95 during mid-day trading on Tuesday, reaching $28.40. The company had a trading volume of 14,952,342 shares, compared to its average volume of 7,958,710. The firm has a 50 day simple moving average of $23.55 and a two-hundred day simple moving average of $23.52. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $28.53. 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 stock has a market cap of $51.56 billion, a P/E ratio of 49.83, a PEG 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 (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 analysts' expectations of $8.02 billion. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CPNG shares. 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 research note on Wednesday, February 26th. Barclays raised 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 research note on Friday, April 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Coupang currently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

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.