Coupang, Inc. (NYSE:CPNG) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,405 shares of the company's stock after buying an additional 26,060 shares during the quarter. Quantinno Capital Management LP's holdings in Coupang were worth $5,218,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Park Avenue Securities LLC purchased a new position in Coupang in the fourth quarter valued at about $300,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Coupang by 21.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 66,851 shares of the company's stock worth $1,469,000 after acquiring an additional 11,914 shares during the period. Avanza Fonder AB purchased a new position in Coupang in the 4th quarter valued at approximately $2,729,000. SG Americas Securities LLC raised its holdings in Coupang by 1,053.7% during the fourth quarter. SG Americas Securities LLC now owns 407,940 shares of the company's stock worth $8,967,000 after purchasing an additional 372,581 shares during the last quarter. Finally, RFG Advisory LLC boosted its position in Coupang by 47.9% during the fourth quarter. RFG Advisory LLC now owns 30,357 shares of the company's stock worth $667,000 after purchasing an additional 9,833 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. This trade represents a 12.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the business'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 of the company's stock, valued at $8,228,213,169.25. This represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,334,697 shares of company stock worth $780,547,061 over the last quarter. 13.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CPNG shares. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research report on Wednesday, February 26th. Finally, Barclays upped 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 investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Coupang has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

Coupang Trading Up 1.1%

Shares of NYSE CPNG traded up $0.30 during midday trading on Wednesday, reaching $27.42. 13,943,159 shares of the stock were exchanged, compared to its average volume of 7,896,455. The stock has a 50 day moving average price of $23.21 and a 200-day moving average price of $23.47. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $49.78 billion, a P/E ratio of 48.10, a P/E/G ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $27.73.

Coupang (NYSE:CPNG - Get Free Report) last announced 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 11.52% and a net margin of 3.57%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Coupang 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.