Parkwood LLC Has $6.23 Million Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Parkwood LLC reduced its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 283,222 shares of the company's stock after selling 51,801 shares during the period. Parkwood LLC's holdings in Coupang were worth $6,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. acquired a new position in Coupang during the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC bought a new position in shares of Coupang in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. raised its holdings 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. Allworth Financial LP lifted its stake in Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after purchasing an additional 1,986 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after buying an additional 1,429 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

Insiders Place Their Bets

In other Coupang news, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the transaction, the director now directly owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. The trade was a 12.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $25.75, for a total transaction of $772,500,000.00. Following the completion of the sale, the insider now owns 319,542,259 shares of the company's stock, valued at $8,228,213,169.25. This trade represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,259,347 shares of company stock worth $778,580,426 over the last 90 days. Corporate insiders own 13.60% of the company's stock.

Coupang Stock Performance

Shares of Coupang stock opened at $26.58 on Wednesday. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $27.03. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $22.73 and a 200-day moving average price of $23.43. The company has a market cap of $47.99 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. The business's quarterly revenue was up 11.2% on a year-over-year basis. Equities analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays raised their price target on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Mizuho raised Coupang to a "hold" rating in a report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.19.

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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