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

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

A number of other institutional investors and hedge funds have also modified their holdings of CPNG. Park Avenue Securities LLC acquired a new stake in Coupang during the 4th quarter worth about $300,000. SG Americas Securities LLC lifted its position in shares of Coupang by 1,053.7% in the fourth quarter. SG Americas Securities LLC now owns 407,940 shares of the company's stock worth $8,967,000 after purchasing an additional 372,581 shares in the last quarter. RFG Advisory LLC lifted its position in shares of Coupang by 47.9% in the fourth quarter. RFG Advisory LLC now owns 30,357 shares of the company's stock worth $667,000 after purchasing an additional 9,833 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Coupang during the fourth quarter worth approximately $31,000. Finally, Blue Trust Inc. grew its position in Coupang by 25.7% during the fourth quarter. Blue Trust Inc. now owns 9,253 shares of the company's stock valued at $203,000 after purchasing an additional 1,891 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Up 3.6%

Shares of CPNG traded up $1.00 during mid-day trading on Tuesday, hitting $28.45. 10,381,331 shares of the company's stock were exchanged, compared to its average volume of 8,995,300. The stock has a market cap of $51.65 billion, a price-to-earnings ratio of 49.90, a P/E/G ratio of 52.20 and a beta of 1.08. The firm has a fifty day moving average of $23.55 and a two-hundred day moving average of $23.52. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $28.55.

Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. Coupang's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, sell-side analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at Coupang

In related news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the company'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 sale, the insider now directly owns 319,542,259 shares of the company's stock, valued at approximately $8,228,213,169.25. This represents a 8.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the firm'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 completion of the transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. The trade was a 12.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,334,697 shares of company stock worth $780,547,061. 13.60% of the stock is owned by corporate insiders.

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.