Los Angeles Capital Management LLC Sells 181,648 Shares of Coupang, Inc. (NYSE:CPNG)

Los Angeles Capital Management LLC lessened its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 89.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,783 shares of the company's stock after selling 181,648 shares during the period. Los Angeles Capital Management LLC's holdings in Coupang were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Headinvest LLC acquired a new stake in shares of Coupang during the 3rd quarter worth about $29,000. NBC Securities Inc. acquired a new stake in shares of Coupang during the 3rd quarter worth about $51,000. Deuterium Capital Management LLC acquired a new stake in shares of Coupang during the 3rd quarter worth about $170,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Coupang during the 3rd quarter worth about $172,000. Finally, Resonant Capital Advisors LLC acquired a new stake in shares of Coupang during the 3rd quarter worth about $173,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Down 1.3 %

Shares of Coupang stock traded down $0.29 on Monday, reaching $22.22. 9,871,726 shares of the company were exchanged, compared to its average volume of 13,350,141. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $23.77. The company has a market cap of $39.84 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 40.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89. The stock's 50 day moving average price is $20.18 and its 200-day moving average price is $17.37.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Coupang had a return on equity of 13.59% and a net margin of 4.96%. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $6.95 billion. During the same period in the prior year, the firm posted $0.05 earnings per share. The business's quarterly revenue was up 22.6% compared to the same quarter last year. As a group, equities analysts forecast that Coupang, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

CPNG has been the subject of a number of recent analyst reports. Barclays raised their price objective on Coupang from $25.00 to $32.00 and gave the stock an "overweight" rating in a research report on Thursday. Bank of America initiated coverage on Coupang in a research report on Friday, May 3rd. They issued a "buy" rating and a $30.00 target price for the company. Mizuho lifted their target price on Coupang from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and lifted their target price for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Finally, TheStreet raised Coupang from a "d+" rating to a "c-" rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Coupang currently has an average rating of "Moderate Buy" and a consensus price target of $25.42.

Insider Transactions at Coupang

In related news, CAO Jonathan D. Lee sold 5,000 shares of the company's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $21.45, for a total transaction of $107,250.00. Following the transaction, the chief accounting officer now owns 120,835 shares of the company's stock, valued at $2,591,910.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Coupang news, insider Pranam Kolari sold 2,048 shares of the company's stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the sale, the insider now owns 187,951 shares of the company's stock, valued at $4,198,825.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jonathan D. Lee sold 5,000 shares of the company's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $21.45, for a total value of $107,250.00. Following the completion of the sale, the chief accounting officer now directly owns 120,835 shares in the company, valued at approximately $2,591,910.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,360,282 shares of company stock valued at $633,564,280. 14.90% of the stock is currently owned by corporate insiders.

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.