Private Advisor Group LLC Boosts Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Private Advisor Group LLC boosted its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 156.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,181 shares of the company's stock after buying an additional 127,630 shares during the quarter. Private Advisor Group LLC's holdings in Coupang were worth $4,587,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in Coupang by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares in the last quarter. FMR LLC raised its position in Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock valued at $651,038,000 after purchasing an additional 2,465,973 shares during the period. Durable Capital Partners LP raised its position in Coupang by 13.6% in the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock valued at $629,426,000 after purchasing an additional 3,420,133 shares during the period. Dragoneer Investment Group LLC raised its position in Coupang by 9.0% in the fourth quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock valued at $451,497,000 after purchasing an additional 1,690,826 shares during the period. Finally, Dodge & Cox raised its position in Coupang by 0.6% in the fourth quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock valued at $444,640,000 after purchasing an additional 123,900 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Greenoaks Capital Partners Llc purchased 750,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $26.78 per share, with a total value of $20,085,000.00. Following the completion of the acquisition, the director directly owned 54,481,161 shares of the company's stock, valued at approximately $1,459,005,491.58. This trade represents a 1.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Pranam Kolari sold 9,347 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the transaction, the vice president directly owned 177,106 shares of the company's stock, valued at $4,223,978.10. This represents a 5.01% decrease in their ownership of the stock. 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 over the last ninety days. Company insiders own 12.78% of the company's stock.

Coupang Stock Down 1.2%

Shares of NYSE:CPNG traded down $0.38 during trading on Thursday, hitting $30.17. The company's stock had a trading volume of 7,180,542 shares, compared to its average volume of 9,207,324. The business has a 50 day moving average price of $29.04 and a two-hundred day moving average price of $25.14. The company has a market capitalization of $54.77 billion, a PE ratio of 215.39 and a beta of 1.16. 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, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $31.65.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results 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 company's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, research analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

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.