12,500 Shares in Coupang, Inc. (NYSE:CPNG) Purchased by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. acquired a new position in shares of Coupang, Inc. (NYSE:CPNG) in the 1st quarter, Holdings Channel.com reports. The firm acquired 12,500 shares of the company’s stock, valued at approximately $274,000.

A number of other large investors also recently added to or reduced their stakes in the business. Grove Bank & Trust acquired a new position in shares of Coupang in the 1st quarter valued at $33,000. Itau Unibanco Holding S.A. grew its stake in shares of Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock worth $43,000 after purchasing an additional 1,640 shares during the period. Allworth Financial LP increased its holdings in Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after purchasing an additional 1,986 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Coupang by 142.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company’s stock valued at $53,000 after buying an additional 1,429 shares during the period. Finally, Signaturefd LLC boosted its holdings in Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock worth $70,000 after buying an additional 822 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Price Performance

Shares of CPNG opened at $28.38 on Thursday. The stock has a 50 day simple moving average of $25.69 and a 200 day simple moving average of $23.95. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $29.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.16. The firm has a market capitalization of $51.53 billion, a PE ratio of 202.72 and a beta of 1.15.

Coupang (NYSE:CPNG) last released its quarterly earnings results 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 net margin of 0.82% and a return on equity of 10.07%. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. The company’s revenue was up 11.2% compared to the same quarter last year. Sell-side analysts predict that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the business’s 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 sale, the vice president now owns 177,106 shares in the company, valued at approximately $4,223,978.10. The trade was a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $25.75, for a total value of $772,500,000.00. Following the transaction, the insider now directly owns 319,542,259 shares of the company’s stock, valued at approximately $8,228,213,169.25. This trade represents a 8.58% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,459,697 shares of company stock valued at $1,067,780,811. Company insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on CPNG shares. Mizuho raised Coupang to a “hold” rating in a research note on Friday, April 18th. Barclays upped their target price on shares of Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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 investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.64.

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.