Coupang, Inc. (NYSE:CPNG) Stock Holdings Lifted by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its holdings in Coupang, Inc. (NYSE:CPNG – Get Rating) by 9.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,450 shares of the company’s stock after buying an additional 1,070 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Coupang were worth $183,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CPNG. Eagle Bay Advisors LLC bought a new position in shares of Coupang in the 2nd quarter worth about $26,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Coupang in the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC bought a new stake in shares of Coupang in the 3rd quarter worth approximately $51,000. AdvisorNet Financial Inc lifted its holdings in shares of Coupang by 118.0% in the 4th quarter. AdvisorNet Financial Inc now owns 6,650 shares of the company’s stock worth $98,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in shares of Coupang in the 4th quarter worth approximately $112,000. 71.56% of the stock is currently owned by institutional investors.

Coupang Trading Up 1.9 %

NYSE:CPNG opened at $16.29 on Monday. The stock has a fifty day simple moving average of $15.64 and a 200 day simple moving average of $16.33. The firm has a market capitalization of $28.98 billion, a price-to-earnings ratio of 135.75 and a beta of 1.36. Coupang, Inc. has a 1-year low of $10.51 and a 1-year high of $21.38. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.20.

Coupang (NYSE:CPNG – Get Rating) last announced its earnings results on Tuesday, May 9th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.08). Coupang had a return on equity of 9.03% and a net margin of 0.98%. The firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Sell-side analysts forecast that Coupang, Inc. will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America boosted their target price on shares of Coupang from $18.00 to $19.00 in a research note on Thursday, May 11th. Barclays initiated coverage on Coupang in a research report on Thursday, February 9th. They issued an “overweight” rating and a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, March 1st. Finally, Morgan Stanley dropped their target price on Coupang from $23.00 to $22.00 in a report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Coupang has a consensus rating of “Moderate Buy” and an average target price of $21.11.

Insiders Place Their Bets

In other news, Director Hanseung Kang sold 174,324 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $16.00, for a total value of $2,789,184.00. Following the completion of the sale, the director now owns 475,743 shares in the company, valued at $7,611,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.70% of the company’s stock.

Coupang Company Profile

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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.