875,210 Shares in Coupang, Inc. (NYSE:CPNG) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 875,210 shares of the company's stock, valued at approximately $19,237,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang in the 4th quarter valued at about $26,000. Itau Unibanco Holding S.A. raised its position in Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after purchasing an additional 1,640 shares during the last quarter. Allworth Financial LP raised its position in Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after purchasing an additional 1,986 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in Coupang by 142.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after purchasing an additional 1,429 shares during the last quarter. Finally, Signaturefd LLC raised its position in Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after purchasing an additional 822 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

Insider Buying and Selling at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of Coupang stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $25.75, for a total value of $772,500,000.00. Following the sale, the insider now directly owns 319,542,259 shares of the company's stock, valued at approximately $8,228,213,169.25. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total value of $5,672,000.00. Following the completion of the sale, the director now directly owns 1,319,421 shares in the company, valued at $37,418,779.56. This trade represents a 13.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,534,697 shares of company stock valued at $786,219,061 over the last ninety days. 13.60% of the stock is currently owned by company insiders.

Coupang Stock Performance

Shares of CPNG stock traded up $0.15 on Friday, reaching $28.04. The stock had a trading volume of 6,374,067 shares, compared to its average volume of 7,965,267. The stock has a market cap of $50.91 billion, a P/E ratio of 49.19, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $28.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company has a 50 day simple moving average of $23.93 and a 200 day simple moving average of $23.64.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly 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 business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. Coupang's revenue was up 11.2% compared to the same quarter last year. Equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CPNG shares. Barclays upped 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. Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.