Coupang, Inc. (NYSE:CPNG) Stock Position Raised by Two Sigma Investments LP

Two Sigma Investments LP increased its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 599.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 901,206 shares of the company's stock after acquiring an additional 772,417 shares during the quarter. Two Sigma Investments LP owned approximately 0.05% of Coupang worth $19,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wingate Wealth Advisors Inc. purchased a new position in Coupang in the 4th quarter worth about $26,000. Berbice Capital Management LLC acquired a new position in shares of Coupang in the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. increased its position in shares of Coupang by 520.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after acquiring an additional 1,640 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after acquiring an additional 1,986 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after acquiring an additional 1,429 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Performance

Shares of CPNG 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 company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company has a market capitalization of $49.78 billion, a PE ratio of 48.10, a PEG ratio of 52.20 and a beta of 1.08. The company's 50 day moving average price is $23.31 and its 200 day moving average price is $23.50.

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

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of 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. 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, Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. One investment 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 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 company's stock in a transaction dated Thursday, May 15th. The shares were bought at an average price of $26.86 per share, for a total transaction of $17,459,000.00. Following the purchase, the director now directly 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 legal filing with the SEC, which can be accessed through this link. Also, Director Benjamin Sun sold 250,000 shares of the firm'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 transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. This represents a 12.69% 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 over the last 90 days. 13.60% of the stock is currently 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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