Coupang, Inc. (NYSE:CPNG) Stake Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 111.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,318,500 shares of the company's stock after buying an additional 1,748,200 shares during the quarter. Two Sigma Advisers LP owned approximately 0.18% of Coupang worth $72,941,000 as of its most recent SEC filing.

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

Coupang Trading Down 0.4%

Shares of NYSE:CPNG opened at $27.14 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The stock has a market capitalization of $49.28 billion, a price-to-earnings ratio of 47.61, a PEG ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $27.73. The company has a 50 day moving average price of $23.11 and a 200 day moving average price of $23.44.

Coupang (NYSE:CPNG - Get Free Report) last released 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 return on equity of 11.52% and a net margin of 3.57%. Coupang's revenue was up 11.2% on a year-over-year basis. On average, research analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

CPNG has been the topic 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 on the stock in a report on Wednesday, February 26th. Barclays upped their price target on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Insider Buying and Selling

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction 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 directly owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. The trade was a 12.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the transaction, the vice president now owns 177,106 shares in the company, valued at $4,223,978.10. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,334,697 shares of company stock valued at $780,547,061. 13.60% of the stock is owned by corporate 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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