Coupang, Inc. (NYSE:CPNG) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,735 shares of the company's stock after acquiring an additional 10,884 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Coupang were worth $1,705,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a research note on Wednesday, February 26th. Barclays lifted their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. One investment 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gaurav Anand sold 75,350 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $26.10, for a total transaction of $1,966,635.00. Following the sale, the chief financial officer now directly owns 2,267,290 shares in the company, valued at $59,176,269. This represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,709,697 shares of company stock valued at $791,138,311. 12.78% of the stock is currently owned by corporate insiders.

Coupang Trading Up 0.1%

Shares of CPNG traded up $0.04 during trading on Monday, reaching $28.49. 8,136,545 shares of the company traded hands, compared to its average volume of 8,027,763. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $29.10. The stock has a market cap of $51.73 billion, a PE ratio of 49.98, a price-to-earnings-growth ratio of 52.20 and a beta of 1.15. The stock has a 50-day simple moving average of $24.50 and a 200-day simple moving average of $23.76. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly 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 company 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%. The company's revenue was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

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.