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

Ellevest Inc. decreased its stake in Coupang, Inc. (NYSE:CPNG) by 8.5% in the 4th quarter, Holdings Channel reports. The firm owned 26,830 shares of the company’s stock after selling 2,494 shares during the quarter. Ellevest Inc.’s holdings in Coupang were worth $590,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CPNG. Norges Bank purchased a new stake in shares of Coupang in the 4th quarter worth about $404,896,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Coupang by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock valued at $1,663,594,000 after purchasing an additional 17,123,637 shares in the last quarter. Durable Capital Partners LP increased its stake 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 worth $629,426,000 after purchasing an additional 3,420,133 shares in the last quarter. Coronation Fund Managers Ltd. increased its stake in shares of Coupang by 53.3% during the 4th quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock worth $162,292,000 after purchasing an additional 2,566,581 shares in the last quarter. Finally, FMR LLC lifted its stake in Coupang by 9.1% in the 4th quarter. FMR LLC now owns 29,619,581 shares of the company’s stock valued at $651,038,000 after buying an additional 2,465,973 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Coupang Price Performance

CPNG opened at $26.00 on Friday. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $27.03. The company’s 50 day simple moving average is $22.62 and its 200 day simple moving average is $23.43. The stock has a market capitalization of $46.94 billion, a PE ratio of 45.61, a P/E/G ratio of 52.20 and a beta of 1.08. 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 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Transactions at Coupang

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

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.