GTS Securities LLC Sells 361,641 Shares of Coupang, Inc. (NYSE:CPNG)

GTS Securities LLC lessened its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 94.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,597 shares of the company's stock after selling 361,641 shares during the quarter. GTS Securities LLC's holdings in Coupang were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. purchased a new stake in Coupang during the 4th quarter worth approximately $26,000. Itau Unibanco Holding S.A. lifted its holdings 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 valued at $43,000 after buying an additional 1,640 shares during the period. Allworth Financial LP lifted its holdings 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 during the period. TD Waterhouse Canada Inc. lifted 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 purchasing an additional 1,429 shares during the last quarter. Finally, Signaturefd LLC raised its position in Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after buying an additional 822 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Trading Up 0.5%

NYSE:CPNG traded up $0.15 during trading hours on Friday, hitting $28.04. 6,374,067 shares of the company were exchanged, compared to its average volume of 7,965,330. The company has a fifty day simple moving average of $23.93 and a 200 day simple moving average of $23.61. Coupang, Inc. has a one year low of $18.16 and a one year high of $28.61. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 49.19, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

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 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 firm's revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the transaction, the director now owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. This represents a 12.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction 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 completion of the sale, the vice president now directly owns 177,106 shares of the company's stock, valued at approximately $4,223,978.10. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,534,697 shares of company stock worth $786,219,061 in the last ninety days. 13.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CPNG shares. Mizuho raised Coupang to a "hold" rating in a report on Friday, April 18th. Barclays lifted their target price 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 equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $29.64.

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.