Coupang, Inc. (NYSE:CPNG) Shares Acquired by Matthews International Capital Management LLC

Matthews International Capital Management LLC boosted its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 23.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 852,199 shares of the company's stock after buying an additional 159,811 shares during the period. Coupang makes up approximately 3.9% of Matthews International Capital Management LLC's portfolio, making the stock its 9th biggest position. Matthews International Capital Management LLC's holdings in Coupang were worth $18,689,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

CPNG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised 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. Mizuho upgraded shares of Coupang to a "hold" rating in a report on Friday, April 18th. Finally, Barclays raised their price target on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $29.64.

Coupang Price Performance

NYSE:CPNG traded up $0.09 during mid-day trading on Friday, reaching $28.49. 12,814,326 shares of the stock were exchanged, compared to its average volume of 8,011,810. The business has a fifty day moving average price of $25.84 and a 200 day moving average price of $23.97. The firm has a market capitalization of $51.73 billion, a PE ratio of 203.53 and a beta of 1.15. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $29.12. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) 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 analyst estimates of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. Research analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Coupang

In other Coupang news, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the transaction, the director now owns 1,319,421 shares of the company's stock, valued at $37,418,779.56. The trade was a 13.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gaurav Anand sold 75,350 shares of Coupang stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $26.10, for a total value of $1,966,635.00. Following the transaction, the chief financial officer now directly owns 2,267,290 shares in the company, valued at approximately $59,176,269. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,459,697 shares of company stock valued at $1,067,780,811 in the last 90 days. 12.78% of the stock is currently owned by corporate insiders.

About Coupang

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.