Washington University Sells 4,000,000 Shares of Coupang, Inc. (NYSE:CPNG)

Washington University cut its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 63.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,267,824 shares of the company's stock after selling 4,000,000 shares during the quarter. Coupang makes up 18.1% of Washington University's investment portfolio, making the stock its 2nd largest holding. Washington University owned 0.13% of Coupang worth $36,716,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of Coupang by 25.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,054,223 shares of the company's stock valued at $51,922,000 after purchasing an additional 616,210 shares during the last quarter. M&T Bank Corp purchased a new stake in Coupang in the 3rd quarter worth about $2,415,000. SG Americas Securities LLC increased its holdings in Coupang by 1,509.1% in the 4th quarter. SG Americas Securities LLC now owns 163,159 shares of the company's stock worth $2,642,000 after acquiring an additional 153,019 shares during the last quarter. AMS Capital Ltda purchased a new stake in Coupang in the 3rd quarter worth about $2,729,000. Finally, American Century Companies Inc. increased its holdings in Coupang by 977.9% in the 3rd quarter. American Century Companies Inc. now owns 415,808 shares of the company's stock worth $7,069,000 after acquiring an additional 377,232 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Trading Up 1.1 %

Shares of CPNG traded up $0.20 during mid-day trading on Monday, hitting $18.44. 16,042,963 shares of the company's stock traded hands, compared to its average volume of 12,346,309. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $19.99. The firm has a market capitalization of $33.06 billion, a P/E ratio of 24.58 and a beta of 1.32. The business's 50-day moving average price is $16.99 and its 200-day moving average price is $16.54.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the previous year, the company posted $0.06 earnings per share. The firm's revenue was up 23.2% on a year-over-year basis. As a group, sell-side analysts forecast that Coupang, Inc. will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coupang news, insider Harold Rogers sold 139,080 shares of the business's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the sale, the insider now directly owns 394,192 shares of the company's stock, valued at $7,194,004. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Pranam Kolari sold 2,356 shares of the firm's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $13.88, for a total value of $32,701.28. Following the transaction, the insider now owns 182,844 shares of the company's stock, valued at $2,537,874.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Harold Rogers sold 139,080 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the transaction, the insider now directly owns 394,192 shares in the company, valued at approximately $7,194,004. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,355,590 shares of company stock valued at $633,443,979. 14.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CPNG shares. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $18.50 to $21.00 in a report on Thursday, February 29th. TheStreet upgraded Coupang from a "d+" rating to a "c-" rating in a research note on Tuesday, March 5th. Citigroup downgraded Coupang from a "buy" rating to a "neutral" rating and cut their target price for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Barclays raised their target price on Coupang from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Thursday, February 29th. Finally, UBS Group downgraded Coupang from a "buy" rating to a "neutral" rating and cut their target price for the stock from $26.00 to $18.50 in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.07.

About Coupang

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.