UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 52,754 Shares of Coupang, Inc. (NYSE:CPNG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,300,511 shares of the company's stock after purchasing an additional 52,754 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.07% of Coupang worth $28,585,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Coupang in the 4th quarter valued at $404,896,000. Price T Rowe Associates Inc. MD raised its position in Coupang by 29.2% in the fourth 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. Durable Capital Partners LP lifted its stake in Coupang by 13.6% during the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after purchasing an additional 3,420,133 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Coupang by 106.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,778,763 shares of the company's stock valued at $127,017,000 after purchasing an additional 2,979,981 shares in the last quarter. Finally, Coronation Fund Managers Ltd. grew its stake in shares of Coupang by 53.3% in the 4th quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock valued at $162,292,000 after purchasing an additional 2,566,581 shares during the period. Institutional investors own 83.72% of the company's stock.

Insider Activity

In other Coupang news, Director Greenoaks Capital Partners Llc acquired 650,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of $26.86 per share, for a total transaction of $17,459,000.00. Following the completion of the acquisition, the director now directly owns 55,131,161 shares of the company's stock, valued at approximately $1,480,822,984.46. This represents a 1.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $5,857,500.00. Following the sale, the director now owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. The trade was a 12.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,334,697 shares of company stock valued at $780,547,061. Company insiders own 13.60% of the company's stock.

Coupang Price Performance

NYSE CPNG traded down $0.14 on Wednesday, hitting $28.31. 6,272,874 shares of the company were exchanged, compared to its average volume of 7,954,955. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $28.71. The firm has a 50 day moving average of $23.75 and a two-hundred day moving average of $23.59. 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 cap of $51.40 billion, a P/E ratio of 49.67, a P/E/G ratio of 52.20 and a beta of 1.08.

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 company 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 revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities analysts predict that Coupang, Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays boosted their price target on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a report on Wednesday, February 26th. Finally, Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Coupang has an average rating of "Moderate Buy" and an average price target 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.