Coupang, Inc. (NYSE:CPNG) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in Coupang, Inc. by 2.8%, holding 540,999 shares valued at approximately $11.86 million after selling 15,623 shares during the first quarter.
• Several institutional investors increased their positions in Coupang, with Alliancebernstein L.P. raising its stake by 116.1% in the fourth quarter, now owning 791,556 shares valued at $17.40 million.
• Coupang's stock has a consensus rating of "Moderate Buy" with a target price of $30.08, and it recently reported $0.06 earnings per share, missing expectations by $0.01.

Natixis Advisors LLC decreased its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 540,999 shares of the company's stock after selling 15,623 shares during the period. Natixis Advisors LLC's holdings in Coupang were worth $11,864,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Coupang during the 1st quarter worth approximately $30,000. Grove Bank & Trust acquired a new stake in shares of Coupang during the 1st quarter worth approximately $33,000. Itau Unibanco Holding S.A. increased its holdings in shares of Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after buying an additional 1,640 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Coupang by 142.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after buying an additional 1,429 shares during the last quarter. Finally, BOCHK Asset Management Ltd acquired a new stake in shares of Coupang during the 1st quarter worth approximately $70,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Insiders Place Their Bets

In other news, VP Pranam Kolari sold 11,653 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $29.14, for a total value of $339,568.42. Following the sale, the vice president directly owned 158,676 shares in the company, valued at approximately $4,623,818.64. This trade represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gaurav Anand sold 175,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the completion of the sale, the chief financial officer owned 2,092,290 shares in the company, valued at $58,814,271.90. The trade was a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,462,003 shares of company stock worth $1,067,897,453. 12.78% of the stock is currently owned by insiders.

Coupang Stock Up 0.8%

CPNG stock traded up $0.25 during midday trading on Tuesday, hitting $29.88. The company's stock had a trading volume of 13,758,981 shares, compared to its average volume of 9,547,147. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. Coupang, Inc. has a 52-week low of $19.02 and a 52-week high of $31.65. The firm has a market capitalization of $54.25 billion, a P/E ratio of 213.43 and a beta of 1.16. The firm has a 50-day simple moving average of $29.46 and a 200-day simple moving average of $25.64.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Coupang had a net margin of 0.82% and a return on equity of 10.07%. During the same quarter last year, the business earned $0.07 earnings per share. The company's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities analysts forecast that Coupang, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.08.

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.