Coupang, Inc. (NYSE:CPNG) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its position in Coupang, Inc. (NYSE:CPNG) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,833 shares of the company’s stock after purchasing an additional 18,593 shares during the period. Deutsche Bank AG’s holdings in Coupang were worth $1,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dorsal Capital Management LP raised its holdings in shares of Coupang by 0.7% during the 4th quarter. Dorsal Capital Management LP now owns 7,250,000 shares of the company’s stock valued at $159,355,000 after buying an additional 50,000 shares during the period. Dragoneer Investment Group LLC raised its holdings in shares of Coupang by 9.0% during the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company’s stock valued at $451,497,000 after buying an additional 1,690,826 shares during the period. Durable Capital Partners LP raised its holdings in shares of Coupang by 13.6% during the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock valued at $629,426,000 after buying an additional 3,420,133 shares during the period. Cetera Investment Advisers raised its holdings in shares of Coupang by 2.2% during the 4th quarter. Cetera Investment Advisers now owns 77,458 shares of the company’s stock valued at $1,703,000 after buying an additional 1,666 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of Coupang during the 4th quarter valued at about $690,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CPNG shares. Mizuho upgraded Coupang to a “hold” rating in a report on Friday, April 18th. Barclays raised their target price on Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Coupang Price Performance

CPNG stock opened at $27.47 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $27.73. The stock’s 50 day moving average is $23.47 and its two-hundred day moving average is $23.51. The company has a market capitalization of $49.87 billion, a PE ratio of 48.19, a P/E/G ratio of 52.20 and a beta of 1.08.

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

Insider Transactions at Coupang

In other 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 completion of the transaction, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade represents a 12.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the transaction, the vice president now owns 177,106 shares of the company’s stock, valued at approximately $4,223,978.10. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,334,697 shares of company stock worth $780,547,061. 13.60% of the stock is currently owned by corporate insiders.

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.