Coupang, Inc. (NYSE:CPNG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 33.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 272,128 shares of the company's stock after selling 135,812 shares during the quarter. SG Americas Securities LLC's holdings in Coupang were worth $5,968,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPNG. California State Teachers Retirement System lifted its position in shares of Coupang by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock worth $1,879,000 after purchasing an additional 445 shares in the last quarter. Virtus ETF Advisers LLC lifted its position in shares of Coupang by 1.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company's stock worth $975,000 after purchasing an additional 466 shares in the last quarter. IFP Advisors Inc lifted its holdings in Coupang by 3.8% during the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock worth $280,000 after buying an additional 469 shares in the last quarter. National Bank of Canada FI lifted its holdings in Coupang by 8.6% during the 4th quarter. National Bank of Canada FI now owns 6,944 shares of the company's stock worth $153,000 after buying an additional 548 shares in the last quarter. Finally, Snowden Capital Advisors LLC lifted its holdings in Coupang by 1.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 49,908 shares of the company's stock worth $1,097,000 after buying an additional 603 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Up 0.9%

Shares of CPNG traded up $0.25 during midday trading on Monday, reaching $28.35. The stock had a trading volume of 6,519,413 shares, compared to its average volume of 8,043,699. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $29.12. The company's fifty day simple moving average is $25.43 and its two-hundred day simple moving average is $23.89. The company has a market cap of $51.46 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 52.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. The business's 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 year.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 9,347 shares of the firm's 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 sale, the vice president now owns 177,106 shares of the company's stock, valued at approximately $4,223,978.10. This trade represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gaurav Anand sold 75,350 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $26.10, for a total transaction of $1,966,635.00. Following the sale, the chief financial officer now directly owns 2,267,290 shares in the company, valued at approximately $59,176,269. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,459,697 shares of company stock valued at $785,280,811. Corporate insiders own 12.78% of the company's stock.

Wall Street Analyst Weigh In

CPNG has been the topic of a number of research reports. Mizuho upgraded shares of Coupang to a "hold" rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective on the stock in a research note on Wednesday, February 26th. Finally, Barclays increased their price target on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

About Coupang

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.