Kentucky Retirement Systems Insurance Trust Fund Takes Position in Coupang, Inc. (NYSE:CPNG)

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33,678 shares of the company's stock, valued at approximately $739,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Grove Bank & Trust purchased a new position in shares of Coupang in the first quarter worth $33,000. Itau Unibanco Holding S.A. increased its position in shares of Coupang by 520.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after acquiring an additional 1,640 shares during the period. Allworth Financial LP raised its stake in Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after acquiring an additional 1,986 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in Coupang by 142.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after acquiring an additional 1,429 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after acquiring an additional 822 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coupang

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $23.85, for a total transaction of $222,925.95. Following the completion of the transaction, the vice president now directly owns 177,106 shares in the company, valued at approximately $4,223,978.10. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $25.75, for a total transaction of $772,500,000.00. Following the transaction, the insider now directly owns 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. The trade was a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,459,697 shares of company stock worth $1,067,780,811. 12.78% of the stock is owned by company insiders.

Coupang Stock Performance

Coupang stock traded down $0.13 during midday trading on Wednesday, hitting $28.82. 6,733,902 shares of the company were exchanged, compared to its average volume of 8,015,126. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $29.14. The firm has a market capitalization of $52.33 billion, a PE ratio of 205.86 and a beta of 1.15. The business has a fifty day simple moving average of $26.26 and a two-hundred day simple moving average of $24.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.16.

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 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 firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. On average, sell-side analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CPNG. Wall Street Zen raised Coupang from a "hold" rating to a "buy" rating in a report on Saturday. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a research report on Wednesday, February 26th. Barclays raised their price target on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Mizuho raised shares of Coupang to a "hold" rating in a report on Friday, April 18th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.