Baader Bank Aktiengesellschaft Has $1.82 Million Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Baader Bank Aktiengesellschaft boosted its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 457.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,500 shares of the company's stock after acquiring an additional 92,319 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Coupang were worth $1,821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPNG. Bank of New York Mellon Corp boosted its position in shares of Coupang by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,632,070 shares of the company's stock worth $44,745,000 after purchasing an additional 84,353 shares during the period. TD Asset Management Inc grew its stake in shares of Coupang by 3.0% in the third quarter. TD Asset Management Inc now owns 402,380 shares of the company's stock valued at $6,840,000 after buying an additional 11,874 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Coupang by 2.3% in the 3rd quarter. CIBC Asset Management Inc now owns 39,502 shares of the company's stock valued at $672,000 after buying an additional 899 shares during the period. Yousif Capital Management LLC acquired a new position in Coupang during the 3rd quarter worth about $182,000. Finally, Kornitzer Capital Management Inc. KS purchased a new position in Coupang during the 3rd quarter valued at about $419,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CPNG shares. Barclays boosted their price target on shares of Coupang from $25.00 to $32.00 and gave the stock an "overweight" rating in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upgraded 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 report on Thursday, February 29th. Mizuho increased their price target on Coupang from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, May 8th. TheStreet raised Coupang from a "d+" rating to a "c-" rating in a research report on Tuesday, March 5th. Finally, Citigroup raised their target price on shares of Coupang from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.67.

Coupang Stock Up 0.6 %

Coupang stock traded up $0.13 during mid-day trading on Friday, hitting $23.00. The company had a trading volume of 8,120,902 shares, compared to its average volume of 13,159,216. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.67. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $23.77. The business has a fifty day moving average of $20.41 and a 200 day moving average of $17.48. The stock has a market cap of $41.25 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 40.39 and a beta of 1.13.

Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results 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 net margin of 4.96% and a return on equity of 13.59%. The company had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $6.95 billion. During the same period last year, the business earned $0.05 earnings per share. The company's quarterly revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts expect that Coupang, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 500,000 shares of Coupang stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $22.06 per share, for a total transaction of $11,030,000.00. Following the transaction, the director now directly owns 48,626,374 shares in the company, valued at $1,072,697,810.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Greenoaks Capital Partners Llc acquired 500,000 shares of the firm's stock in a transaction on Monday, May 13th. The stock was bought at an average cost of $22.06 per share, with a total value of $11,030,000.00. Following the transaction, the director now owns 48,626,374 shares of the company's stock, valued at $1,072,697,810.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jonathan D. Lee sold 5,000 shares of the business's stock in a transaction that occurred 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 transaction, 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 90 days, insiders have sold 33,360,282 shares of company stock worth $633,564,280. Corporate insiders own 14.90% of the company's stock.

Coupang 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.