2,110,476 Shares in Coupang, Inc. (NYSE:CPNG) Bought by Ninety One UK Ltd

Ninety One UK Ltd bought a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,110,476 shares of the company's stock, valued at approximately $46,388,000. Ninety One UK Ltd owned approximately 0.12% of Coupang as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPNG. FMR LLC lifted its holdings in Coupang by 32.0% in the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company's stock valued at $666,621,000 after acquiring an additional 6,584,910 shares during the last quarter. Coronation Fund Managers Ltd. lifted its stake in Coupang by 139.1% during the third quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company's stock valued at $118,258,000 after buying an additional 2,802,325 shares in the last quarter. Wellington Management Group LLP lifted its stake in Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company's stock valued at $211,868,000 after buying an additional 2,603,046 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Coupang by 762.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company's stock valued at $68,710,000 after buying an additional 2,474,175 shares in the last quarter. Finally, Fred Alger Management LLC purchased a new stake in Coupang during the third quarter valued at about $29,184,000. Institutional investors own 83.72% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.56.

Coupang Stock Up 1.2 %

Shares of NYSE CPNG traded up $0.30 during mid-day trading on Wednesday, reaching $24.01. The company had a trading volume of 8,702,160 shares, compared to its average volume of 6,190,211. The stock has a fifty day moving average of $23.04 and a two-hundred day moving average of $23.46. Coupang, Inc. has a 12-month low of $13.67 and a 12-month high of $26.91. The company has a market capitalization of $43.18 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 42.58 and a beta of 1.11. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The firm's revenue was up 27.2% on a year-over-year basis. As a group, equities research analysts expect that Coupang, Inc. will post 0.14 EPS for the current year.

Insider Buying and Selling at Coupang

In other news, CEO Bom Kim sold 15,000,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the sale, the chief executive officer now owns 2,000,000 shares in the company, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Greenoaks Capital Partners Llc acquired 750,000 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $24.01 per share, for a total transaction of $18,007,500.00. Following the purchase, the director now owns 52,038,723 shares of the company's stock, valued at $1,249,449,739.23. The trade was a 1.46 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 15,009,234 shares of company stock worth $344,761,515 over the last 90 days. Insiders own 13.60% of the company's stock.

About Coupang

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.