BNP PARIBAS ASSET MANAGEMENT Holding S.A. Cuts Stock Holdings in Coupang, Inc. (NYSE:CPNG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its holdings in Coupang, Inc. (NYSE:CPNG) by 73.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,932 shares of the company’s stock after selling 30,816 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Coupang were worth $229,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC raised its stake in Coupang by 135.8% in the first quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock worth $26,000 after buying an additional 827 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Coupang by 308.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after acquiring an additional 1,470 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Coupang during the 1st quarter worth $50,000. Opal Wealth Advisors LLC bought a new stake in Coupang during the second quarter valued at about $74,000. Finally, V Square Quantitative Management LLC purchased a new position in Coupang in the second quarter valued at about $89,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the acquisition, the director now owns 50,476,224 shares in the company, valued at $1,158,429,340.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Coupang news, Director Greenoaks Capital Partners Llc bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the completion of the transaction, the director now directly owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the sale, the director now directly owns 1,969,421 shares in the company, valued at $46,005,674.56. The disclosure for this sale can be found here. Over the last quarter, insiders bought 601,300 shares of company stock valued at $13,604,354 and sold 1,110,432 shares valued at $23,870,597. Corporate insiders own 13.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Mizuho increased their price target on shares of Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. UBS Group upgraded shares of Coupang from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.50 to $26.00 in a research note on Thursday, May 16th. Barclays lifted their price target on shares of Coupang from $25.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Citigroup raised their price objective on Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley upped their target price on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.71.

Coupang Trading Down 0.7 %

NYSE:CPNG opened at $22.00 on Wednesday. The company has a market capitalization of $39.34 billion, a P/E ratio of 31.43, a PEG ratio of 877.23 and a beta of 1.09. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.72. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $23.77. The firm has a fifty day simple moving average of $21.48 and a 200-day simple moving average of $20.81.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.39 billion. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, equities research analysts anticipate that Coupang, Inc. will post 0.14 earnings per share for the current year.

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.