Insider Selling: Coupang, Inc. (NYSE:CPNG) Major Shareholder Sells 10,000,000 Shares of Stock

Coupang, Inc. (NYSE:CPNG - Get Free Report) major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of Coupang stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the sale, the insider now directly owns 309,542,259 shares of the company's stock, valued at approximately $8,744,568,816.75. The trade was a 3.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Svf Investments (Uk) Ltd also recently made the following trade(s):

• On Thursday, May 8th, Svf Investments (Uk) Ltd sold 30,000,000 shares of Coupang stock. The stock was sold at an average price of $25.75, for a total value of $772,500,000.00.

Coupang Stock Performance

CPNG traded down $0.06 on Tuesday, hitting $28.29. 4,941,381 shares of the stock traded hands, compared to its average volume of 8,010,388. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $29.12. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $51.35 billion, a PE ratio of 202.04 and a beta of 1.15. The business has a fifty day moving average price of $25.56 and a two-hundred day moving average price of $23.92.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 0.82% and a return on equity of 10.07%. The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. On average, research analysts predict that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Coupang

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Coupang during the first quarter valued at about $28,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Coupang in the 1st quarter valued at approximately $30,000. Grove Bank & Trust bought a new stake in shares of Coupang in the 1st quarter valued at approximately $33,000. Brooklyn Investment Group grew its stake in shares of Coupang by 43.1% in the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock valued at $37,000 after purchasing an additional 506 shares during the period. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Coupang by 520.6% in 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 period. 83.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays boosted their price target on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Finally, Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. One investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.

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