222,541 Shares in Coupang, Inc. (NYSE:CPNG) Purchased by USS Investment Management Ltd

USS Investment Management Ltd purchased a new position in Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 222,541 shares of the company's stock, valued at approximately $4,893,000.

Other large investors have also bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new stake in Coupang in the fourth quarter worth $26,000. Berbice Capital Management LLC bought a new stake in shares of Coupang during the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. increased its position in shares of Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after acquiring an additional 1,640 shares in the last quarter. Allworth Financial LP increased its position in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after acquiring an additional 1,986 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in shares of Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after acquiring an additional 1,429 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CPNG. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research report on Wednesday, February 26th. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Barclays boosted their target price 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 analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Coupang has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Coupang Stock Down 0.6%

Shares of CPNG traded down $0.16 during trading hours on Wednesday, reaching $28.29. 2,231,856 shares of the stock traded hands, compared to its average volume of 7,936,287. 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 stock has a fifty day simple moving average of $23.65 and a 200 day simple moving average of $23.55. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $28.60. The company has a market cap of $51.36 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last released 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 firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. Coupang's quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts forecast that Coupang, Inc. will post 0.17 EPS for the current year.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value 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. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the sale, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This represents a 12.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,334,697 shares of company stock valued at $780,547,061. Company insiders own 13.60% of the company's stock.

Coupang 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.