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

GTS Securities LLC lowered its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 94.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,597 shares of the company's stock after selling 361,641 shares during the period. GTS Securities LLC's holdings in Coupang were worth $453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Coupang by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after acquiring an additional 17,123,637 shares during the last quarter. FMR LLC boosted its position in shares of Coupang by 9.1% during the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock valued at $651,038,000 after purchasing an additional 2,465,973 shares in the last quarter. Durable Capital Partners LP boosted its position in shares of Coupang by 13.6% during the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock valued at $629,426,000 after purchasing an additional 3,420,133 shares in the last quarter. Dragoneer Investment Group LLC boosted its position in shares of Coupang by 9.0% during the fourth quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock valued at $451,497,000 after purchasing an additional 1,690,826 shares in the last quarter. Finally, Dodge & Cox boosted its position in shares of Coupang by 0.6% during the fourth quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock valued at $444,640,000 after purchasing an additional 123,900 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the completion of the sale, the vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total value 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. This represents a 12.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,534,697 shares of company stock valued at $786,219,061 over the last 90 days. Company insiders own 13.60% of the company's stock.

Coupang Stock Up 0.5%

Shares of CPNG stock traded up $0.15 during mid-day trading on Friday, hitting $28.04. The company's stock had a trading volume of 6,374,067 shares, compared to its average volume of 7,965,267. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $28.61. The business has a 50-day moving average price of $23.93 and a 200 day moving average price of $23.64. 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 cap of $50.91 billion, a price-to-earnings ratio of 49.19, a PEG ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.52% and a net margin of 3.57%. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. Research analysts predict that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CPNG shares. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Barclays lifted 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research report 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.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.