Worldquant Millennium Advisors LLC Makes New Investment in Coupang, Inc. (NYSE:CPNG)

Worldquant Millennium Advisors LLC purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 67,952 shares of the company's stock, valued at approximately $1,494,000.

Several other institutional investors also recently bought and sold shares of the business. Wingate Wealth Advisors Inc. acquired a new stake in shares of Coupang in the fourth quarter valued at about $26,000. Berbice Capital Management LLC purchased a new position in Coupang in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. grew its position in Coupang by 520.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after acquiring an additional 1,640 shares in the last quarter. Allworth Financial LP grew its position in Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after acquiring an additional 1,986 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake 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 valued at $53,000 after purchasing an additional 1,429 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Stock Up 3.6%

CPNG traded up $0.99 during trading on Tuesday, hitting $28.44. The company had a trading volume of 10,381,331 shares, compared to its average volume of 8,995,300. The company has a market cap of $51.64 billion, a PE ratio of 49.90, a P/E/G ratio of 52.20 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $28.55. The business has a 50-day moving average of $23.55 and a 200-day moving average of $23.52.

Coupang (NYSE:CPNG - Get Free Report) last issued 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). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. The business's revenue was up 11.2% on a year-over-year basis. As a group, analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Activity at Coupang

In other news, VP Pranam Kolari sold 9,347 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the sale, the vice president now directly owns 177,106 shares in the company, valued at approximately $4,223,978.10. The trade was a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gaurav Anand sold 75,350 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $26.10, for a total value of $1,966,635.00. Following the sale, the chief financial officer now directly owns 2,267,290 shares in the company, valued at approximately $59,176,269. This represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,334,697 shares of company stock valued at $780,547,061 over the last three months. 13.60% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.