GAMMA Investing LLC Purchases 52,990 Shares of Coupang, Inc. (NYSE:CPNG)

GAMMA Investing LLC grew its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 2,448.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,154 shares of the company's stock after acquiring an additional 52,990 shares during the quarter. GAMMA Investing LLC's holdings in Coupang were worth $1,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPNG. Itau Unibanco Holding S.A. increased its stake in Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after purchasing an additional 1,640 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after buying an additional 1,986 shares in the last quarter. TD Waterhouse Canada Inc. grew 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 buying an additional 1,429 shares during the last quarter. Signaturefd LLC increased its position in shares of Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after acquiring an additional 822 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in shares of Coupang in the 4th quarter worth about $80,000. Institutional investors own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Barclays increased their price target on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Coupang currently has an average rating of "Moderate Buy" and an average target price of $29.64.

Coupang Stock Performance

Coupang stock traded up $0.13 during mid-day trading on Thursday, reaching $28.38. 8,252,471 shares of the company's stock were exchanged, compared to its average volume of 8,001,639. The business's fifty day simple moving average is $25.69 and its 200 day simple moving average is $23.95. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. Coupang, Inc. has a one year low of $18.16 and a one year high of $29.12. The firm has a market capitalization of $51.53 billion, a PE ratio of 202.72 and a beta of 1.15.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. The company's revenue for the quarter was up 11.2% on a year-over-year basis. On average, sell-side analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of Coupang stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the completion of the transaction, the insider now owns 309,542,259 shares in the company, valued at $8,744,568,816.75. This trade represents a 3.13% decrease 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, 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 transaction of $4,919,250.00. Following the sale, the chief financial officer now owns 2,092,290 shares in the company, valued at $58,814,271.90. The trade was a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,459,697 shares of company stock valued at $1,067,780,811 over the last ninety days. 12.78% of the stock is currently owned by insiders.

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.