Coupang, Inc. (NYSE:CPNG) Shares Acquired by JT Stratford LLC

JT Stratford LLC increased its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,196 shares of the company's stock after acquiring an additional 10,052 shares during the period. JT Stratford LLC's holdings in Coupang were worth $1,961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Coupang by 23.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock worth $4,861,000 after acquiring an additional 41,384 shares during the period. Elevate Capital Advisors LLC acquired a new stake in shares of Coupang in the 4th quarter worth approximately $2,618,000. New York Life Investment Management LLC acquired a new stake in shares of Coupang in the 4th quarter worth approximately $349,000. Ninety One UK Ltd acquired a new stake in shares of Coupang in the 4th quarter worth approximately $46,388,000. Finally, Vanguard Group Inc. grew its holdings in shares of Coupang by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,366,214 shares of the company's stock worth $117,949,000 after acquiring an additional 54,364 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. 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. Finally, Deutsche Bank Aktiengesellschaft upgraded 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Coupang has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

Coupang Price Performance

CPNG stock opened at $27.42 on Thursday. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $27.73. The stock's fifty day simple moving average is $23.31 and its 200-day simple moving average is $23.50. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $49.78 billion, a price-to-earnings ratio of 48.10, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last posted 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 business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Transactions at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction dated 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 directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This represents a 12.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $25.75, for a total value of $772,500,000.00. Following the completion of the transaction, the insider now owns 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. This trade represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,334,697 shares of company stock worth $780,547,061 over the last quarter. 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.

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