B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Coupang, Inc. (NYSE:CPNG)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 37,483 shares of the company's stock, valued at approximately $920,000.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC lifted its stake in Coupang by 438.7% during the first quarter. Acadian Asset Management LLC now owns 5,581 shares of the company's stock worth $99,000 after purchasing an additional 4,545 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Coupang by 16.4% during the 1st quarter. Advisors Asset Management Inc. now owns 8,236 shares of the company's stock valued at $147,000 after buying an additional 1,159 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Coupang during the 1st quarter valued at about $1,443,000. BOKF NA raised its stake in Coupang by 6.9% during the first quarter. BOKF NA now owns 177,695 shares of the company's stock worth $3,234,000 after acquiring an additional 11,487 shares during the period. Finally, Bayesian Capital Management LP bought a new position in Coupang in the first quarter worth about $2,640,000. Institutional investors own 83.72% of the company's stock.

Insider Activity

In other news, CEO Bom Kim sold 15,000,000 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the sale, the chief executive officer now directly owns 2,000,000 shares of the company's stock, valued at $45,940,000. The trade was a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the transaction, the director now directly owns 52,726,423 shares in the company, valued at $1,269,652,265.84. This trade represents a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 13.60% of the company's stock.

Coupang Stock Performance

Shares of CPNG traded up $0.32 during trading hours on Friday, reaching $24.32. 13,137,389 shares of the company's stock traded hands, compared to its average volume of 9,621,124. The firm has a market capitalization of $43.75 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 216.02 and a beta of 1.10. The business's fifty day simple moving average is $24.99 and its two-hundred day simple moving average is $22.94. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $7.87 billion for the quarter, compared to analysts' expectations of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. Coupang's quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. Analysts predict that Coupang, Inc. will post 0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CPNG shares. CLSA raised Coupang from a "hold" rating to an "outperform" rating and raised their price target for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Sanford C. Bernstein raised Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 target price on the stock in a research report on Monday, October 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $27.56.

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.