Two Sigma Advisers LP Purchases 1,748,200 Shares of Coupang, Inc. (NYSE:CPNG)

Two Sigma Advisers LP grew its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 111.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,318,500 shares of the company's stock after acquiring an additional 1,748,200 shares during the quarter. Two Sigma Advisers LP owned 0.18% of Coupang worth $72,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Coupang by 23.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock valued at $4,861,000 after buying an additional 41,384 shares during the period. Elevate Capital Advisors LLC acquired a new position in shares of Coupang in the fourth quarter valued at approximately $2,618,000. New York Life Investment Management LLC acquired a new position in shares of Coupang in the fourth quarter valued at approximately $349,000. Ninety One UK Ltd acquired a new position in shares of Coupang in the fourth quarter valued at approximately $46,388,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Coupang in the fourth quarter valued at approximately $1,394,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho raised Coupang to a "hold" rating in a research note on Friday, April 18th. Barclays upped their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Coupang has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Insider Buying and Selling at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 650,000 shares of the business's stock in a transaction on Thursday, May 15th. The shares were purchased at an average cost of $26.86 per share, for a total transaction of $17,459,000.00. Following the acquisition, the director now owns 55,131,161 shares of the company's stock, valued at approximately $1,480,822,984.46. This represents a 1.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Pranam Kolari sold 9,347 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was 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. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,334,697 shares of company stock valued at $780,547,061. 13.60% of the stock is currently owned by company insiders.

Coupang Trading Up 0.7%

NYSE:CPNG traded up $0.19 on Friday, reaching $27.47. 8,709,151 shares of the stock traded hands, compared to its average volume of 7,930,622. The firm has a market capitalization of $49.87 billion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The company's 50 day moving average is $23.47 and its 200-day moving average is $23.51. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $27.73.

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

Coupang Company 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.