Coupang, Inc. (NYSE:CPNG) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in shares of Coupang, Inc. (NYSE:CPNGGet Rating) by 35.3% in the 1st quarter, Holdings Channel reports. The fund owned 19,166 shares of the company’s stock after acquiring an additional 5,004 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Coupang were worth $359,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Kestra Advisory Services LLC grew its stake in Coupang by 44.0% in the fourth quarter. Kestra Advisory Services LLC now owns 11,895 shares of the company’s stock worth $349,000 after purchasing an additional 3,632 shares in the last quarter. Strs Ohio grew its stake in Coupang by 87.5% in the fourth quarter. Strs Ohio now owns 97,692 shares of the company’s stock worth $2,870,000 after purchasing an additional 45,600 shares in the last quarter. National Bank of Canada FI acquired a new position in Coupang in the fourth quarter worth about $5,144,000. Nkcfo LLC acquired a new position in Coupang in the fourth quarter worth about $480,000. Finally, Commonwealth Equity Services LLC grew its stake in Coupang by 91.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 80,417 shares of the company’s stock worth $2,362,000 after purchasing an additional 38,315 shares in the last quarter. 73.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Thuan Pham sold 120,038 shares of Coupang stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $14.27, for a total transaction of $1,712,942.26. Following the sale, the chief technology officer now owns 2,558,940 shares of the company’s stock, valued at $36,516,073.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CTO Thuan Pham sold 120,038 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $14.27, for a total transaction of $1,712,942.26. Following the sale, the chief technology officer now owns 2,558,940 shares of the company’s stock, valued at $36,516,073.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michael Parker sold 72,891 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $13.00, for a total value of $947,583.00. Following the sale, the chief accounting officer now directly owns 38,575 shares in the company, valued at approximately $501,475. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 193,100 shares of company stock valued at $2,663,287.

Analyst Ratings Changes

A number of research firms recently commented on CPNG. Citigroup lifted their price target on Coupang to $17.00 in a research note on Thursday, June 9th. The Goldman Sachs Group restated a “buy” rating and issued a $37.00 target price on shares of Coupang in a research note on Friday, April 8th. Mizuho decreased their target price on Coupang from $28.00 to $18.00 in a research note on Thursday, May 12th. JPMorgan Chase & Co. upgraded Coupang from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $25.00 to $17.00 in a research note on Friday, May 6th. Finally, Morgan Stanley began coverage on Coupang in a research note on Wednesday, June 29th. They issued an “overweight” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Coupang presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Coupang Stock Performance

CPNG opened at $17.64 on Monday. The business’s 50 day moving average is $13.75 and its 200-day moving average is $17.10. The stock has a market cap of $31.09 billion, a PE ratio of -21.00 and a beta of 0.59. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. Coupang, Inc. has a twelve month low of $8.98 and a twelve month high of $40.38.

Coupang (NYSE:CPNGGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.47. The company had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.11 billion. Coupang had a negative return on equity of 48.47% and a negative net margin of 7.54%. During the same quarter in the previous year, the company posted ($0.68) earnings per share. On average, analysts predict that Coupang, Inc. will post -0.43 earnings per share for the current year.

Coupang Company Profile

(Get Rating)

Coupang, Inc owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It operates through two segments, Product Commerce and Growth Initiatives. The company 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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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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