Coupang, Inc. (NYSE:CPNG) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,088,894 shares of the company's stock after selling 161,991 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Coupang worth $17,550,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CPNG. Eagle Bay Advisors LLC acquired a new stake in Coupang during the second quarter valued at approximately $26,000. Headinvest LLC bought a new position in shares of Coupang in the third quarter valued at approximately $29,000. Altshuler Shaham Ltd bought a new position in shares of Coupang in the fourth quarter valued at approximately $36,000. Comerica Bank bought a new position in shares of Coupang in the third quarter valued at approximately $43,000. Finally, NBC Securities Inc. bought a new position in shares of Coupang in the third quarter valued at approximately $51,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Harold Rogers sold 139,080 shares of the firm's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the transaction, the insider now owns 394,192 shares of the company's stock, valued at $7,194,004. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coupang news, Director Neil Mehta sold 1,600,000 shares of Coupang stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $18.68, for a total value of $29,888,000.00. Following the completion of the sale, the director now directly owns 48,006,135 shares of the company's stock, valued at $896,754,601.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Harold Rogers sold 139,080 shares of Coupang stock in a transaction on Monday, March 18th. The shares were sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the sale, the insider now directly owns 394,192 shares of the company's stock, valued at $7,194,004. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,355,590 shares of company stock valued at $633,443,979. Insiders own 14.90% of the company's stock.

Coupang Price Performance

Shares of NYSE CPNG traded up $0.10 during trading hours on Wednesday, hitting $19.12. 12,301,410 shares of the stock were exchanged, compared to its average volume of 12,390,901. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The company has a market cap of $34.29 billion, a PE ratio of 25.49 and a beta of 1.32. The company's fifty day simple moving average is $17.19 and its two-hundred day simple moving average is $16.57. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $19.99.

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

Wall Street Analysts Forecast Growth

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

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.