Quantinno Capital Management LP Has $5.22 Million Stake in Coupang, Inc. (NYSE:CPNG)

Quantinno Capital Management LP lifted its position in shares of Coupang, Inc. (NYSE:CPNG) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,405 shares of the company’s stock after acquiring an additional 26,060 shares during the quarter. Quantinno Capital Management LP’s holdings in Coupang were worth $5,218,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CPNG. Wingate Wealth Advisors Inc. acquired a new position in Coupang during the 4th quarter worth about $26,000. Berbice Capital Management LLC acquired a new position in Coupang during the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. lifted its holdings in Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock worth $43,000 after buying an additional 1,640 shares during the period. Allworth Financial LP lifted its holdings in Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after buying an additional 1,986 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in Coupang by 142.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company’s stock worth $53,000 after buying an additional 1,429 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Performance

CPNG stock opened at $27.22 on Friday. The stock has a 50-day moving average price of $23.01 and a 200-day moving average price of $23.45. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $27.73. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm has a market cap of $49.15 billion, a PE ratio of 47.76, a price-to-earnings-growth 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 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 during the quarter, compared to the consensus estimate of $8.02 billion. Coupang’s revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

CPNG has been the topic of several recent research reports. Mizuho raised Coupang to a “hold” rating in a report on Friday, April 18th. Barclays lifted their target price on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.64.

Insider Activity at Coupang

In related news, Director Benjamin Sun sold 250,000 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Greenoaks Capital Partners Llc bought 650,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average cost of $26.86 per share, with a total value of $17,459,000.00. Following the completion of the transaction, the director now directly owns 55,131,161 shares in the company, valued at $1,480,822,984.46. This represents a 1.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 30,334,697 shares of company stock valued at $780,547,061 in the last three months. Corporate 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.