Royal Bank of Canada Grows Holdings in Coupang, Inc. (NYSE:CPNG)

Royal Bank of Canada grew its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 782,270 shares of the company's stock after purchasing an additional 48,866 shares during the quarter. Royal Bank of Canada's holdings in Coupang were worth $17,194,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Coupang in the 4th quarter valued at approximately $1,394,000. Quantinno Capital Management LP grew its position in Coupang by 12.3% in the fourth quarter. Quantinno Capital Management LP now owns 237,405 shares of the company's stock worth $5,218,000 after acquiring an additional 26,060 shares during the period. Nellore Capital Management LLC increased its stake in Coupang by 6.2% during the fourth quarter. Nellore Capital Management LLC now owns 2,971,981 shares of the company's stock worth $65,324,000 after acquiring an additional 174,746 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in Coupang in the fourth quarter valued at $478,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Coupang by 5.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,696 shares of the company's stock worth $741,000 after purchasing an additional 1,590 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Up 0.2%

Coupang stock traded up $0.06 during mid-day trading on Friday, reaching $27.95. 1,186,614 shares of the company's stock were exchanged, compared to its average volume of 7,948,832. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a market cap of $50.74 billion, a P/E ratio of 49.01, a P/E/G ratio of 52.20 and a beta of 1.08. The company has a fifty day moving average of $23.84 and a 200-day moving average of $23.61. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $28.61.

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). 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 company's quarterly revenue was up 11.2% compared to the same quarter last year. Sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Transactions at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the company's 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 completion of the transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Pranam Kolari sold 9,347 shares of the firm's stock in a transaction dated 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 now owns 177,106 shares of the company's stock, valued at $4,223,978.10. This trade represents a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,334,697 shares of company stock valued at $780,547,061. Corporate insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

CPNG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective on the stock in a report on Wednesday, February 26th. Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. Finally, Barclays increased their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research 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 company's stock. According to data from MarketBeat.com, Coupang has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

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.