Worldquant Millennium Advisors LLC Purchases Shares of 67,952 Coupang, Inc. (NYSE:CPNG)

Worldquant Millennium Advisors LLC purchased a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 67,952 shares of the company's stock, valued at approximately $1,494,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CPNG. Park Avenue Securities LLC bought a new stake in shares of Coupang during the 4th quarter worth about $300,000. SG Americas Securities LLC grew its position in Coupang by 1,053.7% during the 4th 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 grew its position in Coupang by 47.9% during the 4th 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 purchased a new position in Coupang during the 4th quarter worth approximately $31,000. Finally, Blue Trust Inc. grew its holdings in shares of Coupang by 25.7% during the 4th quarter. Blue Trust Inc. now owns 9,253 shares of the company's stock valued at $203,000 after acquiring an additional 1,891 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a report on Wednesday, February 26th. Mizuho upgraded shares of Coupang to a "hold" rating in a report on Friday, April 18th. Finally, Barclays upped their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a 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 MarketBeat, Coupang has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Coupang Stock Down 0.5%

Coupang stock traded down $0.15 during mid-day trading on Wednesday, reaching $28.31. The company's stock had a trading volume of 2,231,856 shares, compared to its average volume of 7,936,287. The business's 50 day simple moving average is $23.65 and its 200 day simple moving average is $23.55. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $28.60. The company has a market capitalization of $51.39 billion, a price-to-earnings ratio of 49.67, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The firm had revenue of $7.91 billion during 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% on a year-over-year basis. As a group, research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $25.75, for a total value of $772,500,000.00. Following the completion of the sale, the insider now owns 319,542,259 shares of the company's stock, valued at $8,228,213,169.25. The trade was a 8.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Greenoaks Capital Partners Llc bought 650,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was purchased at an average price of $26.86 per share, with a total value of $17,459,000.00. Following the completion of the transaction, the director now directly owns 55,131,161 shares in the company, valued at approximately $1,480,822,984.46. This represents a 1.19% increase in their position. The disclosure for this purchase can be found here. Insiders sold 30,334,697 shares of company stock valued at $780,547,061 in the last quarter. Company insiders own 13.60% of the company's stock.

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.