Ninety One UK Ltd Buys 1,079,958 Shares of Coupang, Inc. (NYSE:CPNG)

Ninety One UK Ltd boosted its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 51.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,190,434 shares of the company's stock after acquiring an additional 1,079,958 shares during the quarter. Ninety One UK Ltd owned 0.18% of Coupang worth $69,966,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CPNG. Grove Bank & Trust bought a new stake in shares of Coupang during the first quarter valued at approximately $33,000. Itau Unibanco Holding S.A. boosted its position in shares of Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after purchasing an additional 1,640 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after purchasing an additional 1,429 shares in the last quarter. Signaturefd LLC lifted its position in Coupang by 34.7% in the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after acquiring an additional 822 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Coupang by 23.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 3,211 shares of the company's stock valued at $70,000 after acquiring an additional 606 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Insider Transactions at Coupang

In related news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the transaction, the insider owned 309,542,259 shares in the company, valued at $8,744,568,816.75. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Pranam Kolari sold 9,347 shares of Coupang 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 sale, the vice president directly owned 177,106 shares of the company's stock, valued at approximately $4,223,978.10. This trade represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,459,697 shares of company stock valued at $1,067,780,811. Corporate insiders own 12.78% of the company's stock.

Coupang Stock Performance

Shares of CPNG traded down $0.37 during mid-day trading on Friday, hitting $30.08. 5,237,257 shares of the company's stock were exchanged, compared to its average volume of 8,320,134. The stock's 50-day simple moving average is $28.19 and its 200-day simple moving average is $24.67. The firm has a market cap of $54.61 billion, a price-to-earnings ratio of 214.86 and a beta of 1.16. 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 $18.16 and a 52 week high of $30.91.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data 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). Coupang had a net margin of 0.82% and a return on equity of 10.07%. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

CPNG has been the topic of several research reports. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Barclays upped their target price on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.