Sigma Planning Corp Buys Shares of 15,480 Coupang, Inc. (NYSE:CPNG)

Sigma Planning Corp bought a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,480 shares of the company's stock, valued at approximately $339,000.

Other large investors also recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its position in shares of Coupang by 20.6% in the 4th quarter. Corient Private Wealth LLC now owns 33,655 shares of the company's stock valued at $740,000 after acquiring an additional 5,746 shares during the period. Signaturefd LLC raised its position in shares of 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 during the period. Royal London Asset Management Ltd. raised its position in shares of Coupang by 1.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 484,315 shares of the company's stock valued at $10,645,000 after acquiring an additional 7,294 shares during the period. Sciencast Management LP acquired a new stake in shares of Coupang in the 4th quarter valued at approximately $1,268,000. Finally, Virtu Financial LLC acquired a new stake in shares of Coupang in the 4th quarter valued at approximately $288,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coupang

In other news, CFO Gaurav Anand sold 175,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the completion of the transaction, the chief financial officer directly owned 2,092,290 shares of the company's stock, valued at $58,814,271.90. This trade represents a 7.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm'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 completion of the transaction, the insider directly owned 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. Over the last ninety days, insiders sold 40,459,697 shares of company stock worth $1,067,780,811. 12.78% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CPNG has been the topic of a number of analyst reports. Mizuho upgraded shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Wall Street Zen downgraded shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Barclays increased their target price on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.08.

Coupang Price Performance

NYSE CPNG opened at $31.52 on Monday. The stock has a market cap of $57.23 billion, a price-to-earnings ratio of 225.14 and a beta of 1.16. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $31.60. The business has a 50 day simple moving average of $28.78 and a 200 day simple moving average of $25.00. 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 (NYSE:CPNG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. The firm's quarterly revenue was up 11.2% on a year-over-year basis. Analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

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.

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