Coupang, Inc. (NYSE:CPNG) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 848,650 shares of the company's stock after selling 26,560 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Coupang were worth $18,611,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CPNG. Allianz Asset Management GmbH acquired a new stake in Coupang in the first quarter valued at approximately $707,000. Csenge Advisory Group lifted its position in shares of Coupang by 61.6% in the first quarter. Csenge Advisory Group now owns 15,128 shares of the company's stock valued at $324,000 after acquiring an additional 5,765 shares in the last quarter. Private Advisor Group LLC lifted its position in Coupang by 156.5% during the first quarter. Private Advisor Group LLC now owns 209,181 shares of the company's stock worth $4,587,000 after buying an additional 127,630 shares in the last quarter. Forum Financial Management LP purchased a new position in Coupang during the first quarter worth approximately $271,000. Finally, Allen Capital Group LLC increased its stake in Coupang by 9.3% during the first quarter. Allen Capital Group LLC now owns 19,583 shares of the company's stock worth $429,000 after acquiring an additional 1,660 shares during the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Performance

Shares of NYSE CPNG traded up $0.12 during trading hours on Friday, reaching $30.26. The stock had a trading volume of 6,157,796 shares, compared to its average volume of 10,116,959. The firm has a market cap of $54.93 billion, a price-to-earnings ratio of 216.11 and a beta of 1.16. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $31.65. The firm has a 50-day moving average of $29.17 and a 200-day moving average of $25.27.

Coupang (NYSE:CPNG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The firm had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. Coupang had a net margin of 0.82% and a return on equity of 10.07%. Coupang'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 year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CPNG shares. Barclays raised their target price on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Mizuho raised Coupang to a "hold" rating in a research note on Friday, April 18th. Finally, Wall Street Zen cut Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Coupang presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.08.

Insider Transactions at Coupang

In related news, Director Greenoaks Capital Partners Llc acquired 650,000 shares of Coupang stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of $26.86 per share, with a total value of $17,459,000.00. Following the purchase, the director directly owned 55,131,161 shares in the company, valued at approximately $1,480,822,984.46. The trade was a 1.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gaurav Anand sold 175,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total value of $4,919,250.00. Following the sale, the chief financial officer directly owned 2,092,290 shares of the company's stock, valued at approximately $58,814,271.90. This represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,459,697 shares of company stock worth $1,067,780,811. Insiders own 12.78% of the company's stock.

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.