85,604 Shares in Coupang, Inc. (NYSE:CPNG) Bought by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,604 shares of the company's stock, valued at approximately $1,882,000.

Several other hedge funds have also modified their holdings of CPNG. Blue Trust Inc. grew its stake in shares of Coupang by 25.7% during the fourth quarter. Blue Trust Inc. now owns 9,253 shares of the company's stock valued at $203,000 after purchasing an additional 1,891 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Coupang by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock valued at $253,000 after purchasing an additional 452 shares during the last quarter. Allen Capital Group LLC grew its stake in shares of Coupang by 29.8% during the fourth quarter. Allen Capital Group LLC now owns 17,923 shares of the company's stock valued at $394,000 after purchasing an additional 4,112 shares during the last quarter. Tempus Wealth Planning LLC bought a new position in Coupang in the fourth quarter valued at approximately $320,000. Finally, Ninety One North America Inc. bought a new position in Coupang in the fourth quarter valued at approximately $18,640,000. 83.72% of the stock is owned by institutional investors.

Insider Transactions at Coupang

In related news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm's 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 sale, the insider now directly owns 319,542,259 shares in the company, valued at $8,228,213,169.25. This trade represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was 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 in the company, valued at approximately $40,286,034.03. The trade was a 12.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,709,697 shares of company stock valued at $791,138,311 over the last three months. 13.60% of the stock is currently owned by corporate insiders.

Coupang Trading Down 0.3%

Shares of NYSE CPNG traded down $0.10 during midday trading on Tuesday, reaching $28.24. 9,808,070 shares of the stock were exchanged, compared to its average volume of 7,998,248. The business has a 50-day simple moving average of $24.12 and a two-hundred day simple moving average of $23.67. The company has a market capitalization of $51.27 billion, a price-to-earnings ratio of 49.55, a P/E/G ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $28.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

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 firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. Coupang's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays raised their price objective on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Coupang has an average 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.