Coupang, Inc. (NYSE:CPNG) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its position in shares of Coupang, Inc. (NYSE:CPNG) by 33.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,362 shares of the company’s stock after selling 3,648 shares during the period. Blue Trust Inc.’s holdings in Coupang were worth $181,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPNG. Baillie Gifford & Co. increased its holdings in shares of Coupang by 15.9% in the 1st quarter. Baillie Gifford & Co. now owns 168,600,998 shares of the company’s stock valued at $2,999,412,000 after acquiring an additional 23,076,870 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Coupang by 31.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock valued at $1,403,015,000 after purchasing an additional 18,894,909 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Coupang by 2,570.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,049,227 shares of the company’s stock valued at $42,931,000 after purchasing an additional 1,972,476 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Coupang by 55.5% during the second quarter. Assenagon Asset Management S.A. now owns 4,524,994 shares of the company’s stock worth $94,799,000 after purchasing an additional 1,615,448 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its holdings in Coupang by 146.2% during the first quarter. Coronation Fund Managers Ltd. now owns 2,688,450 shares of the company’s stock worth $47,828,000 after purchasing an additional 1,596,486 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coupang

In other Coupang news, insider Pranam Kolari sold 10,432 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.90, for a total value of $207,596.80. Following the transaction, the insider now directly owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Coupang news, Director Greenoaks Capital Partners Llc bought 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were bought at an average price of $22.39 per share, for a total transaction of $2,239,000.00. Following the transaction, the director now owns 50,376,224 shares of the company’s stock, valued at approximately $1,127,923,655.36. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Pranam Kolari sold 10,432 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $19.90, for a total value of $207,596.80. Following the completion of the sale, the insider now directly owns 170,356 shares of the company’s stock, valued at $3,390,084.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 601,300 shares of company stock worth $13,604,354 and have sold 411,388 shares worth $9,452,761. Company insiders own 13.60% of the company’s stock.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Monday, October 7th. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and upped their price objective for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Trading Up 0.2 %

Shares of Coupang stock opened at $25.67 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 1.12. The company has a market capitalization of $45.90 billion, a P/E ratio of 36.67, a PEG ratio of 282.07 and a beta of 1.11. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $26.28. The company’s fifty day moving average is $24.10 and its two-hundred day moving average is $22.55.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The business’s revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company posted $0.08 earnings per share. Analysts forecast that Coupang, Inc. will post 0.09 earnings per share for the current year.

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.