Bokf Na Reduces Stock Position in Coupang, Inc. (NYSE:CPNG)

Bokf Na lessened its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 88.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,900 shares of the company’s stock after selling 167,821 shares during the period. Bokf Na’s holdings in Coupang were worth $489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPNG. Brevan Howard Capital Management LP bought a new position in shares of Coupang during the fourth quarter valued at approximately $2,745,000. Bridgefront Capital LLC bought a new position in Coupang in the 4th quarter worth $347,000. Bain Capital Public Equity Management II LLC boosted its stake in shares of Coupang by 21.3% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 1,052,331 shares of the company’s stock valued at $23,130,000 after purchasing an additional 185,024 shares in the last quarter. Bain Capital Public Equity LP boosted its stake in shares of Coupang by 25.8% during the 4th quarter. Bain Capital Public Equity LP now owns 126,951 shares of the company’s stock valued at $2,790,000 after purchasing an additional 26,050 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Coupang during the fourth quarter valued at about $6,028,000. Institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the sale, the director now owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Pranam Kolari sold 9,347 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the transaction, the vice president now directly owns 177,106 shares in the company, valued at $4,223,978.10. The trade was a 5.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on CPNG. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective on the stock in a research report on Wednesday, February 26th. Mizuho raised Coupang to a “hold” rating in a research note on Friday, April 18th. Finally, Barclays raised their price objective on Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Coupang presently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

Coupang Stock Up 1.4 %

NYSE:CPNG opened at $26.00 on Friday. The firm has a 50-day simple moving average of $22.62 and a two-hundred day simple moving average of $23.43. The firm has a market cap of $46.94 billion, a P/E ratio of 45.61, a P/E/G ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $27.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Coupang (NYSE:CPNG) last released 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). The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm’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.

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.