UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 92,463 Shares of Coupang, Inc. (NYSE:CPNG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 8.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,247,757 shares of the company's stock after purchasing an additional 92,463 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.07% of Coupang worth $30,632,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Baillie Gifford & Co. raised its position in shares of Coupang by 1.6% in the second quarter. Baillie Gifford & Co. now owns 171,350,025 shares of the company's stock valued at $3,589,783,000 after purchasing an additional 2,749,027 shares during the period. FMR LLC increased its position in Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company's stock worth $666,621,000 after buying an additional 6,584,910 shares during the period. Dorsal Capital Management LP raised its stake in Coupang by 26.3% in the 2nd quarter. Dorsal Capital Management LP now owns 6,000,000 shares of the company's stock worth $125,700,000 after purchasing an additional 1,250,000 shares in the last quarter. Coronation Fund Managers Ltd. raised its position in shares of Coupang by 139.1% in 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. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Coupang by 55.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,524,994 shares of the company's stock worth $94,799,000 after purchasing an additional 1,615,448 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Wall Street Analyst Weigh In

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

Coupang Price Performance

CPNG traded up $0.16 on Thursday, reaching $24.03. The stock had a trading volume of 6,690,324 shares, compared to its average volume of 9,743,866. 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 company has a market capitalization of $43.23 billion, a price-to-earnings ratio of 42.16, a price-to-earnings-growth ratio of 215.30 and a beta of 1.07. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $26.91. The firm has a 50-day moving average of $25.06 and a 200-day moving average of $23.09.

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

Insider Transactions at Coupang

In other news, Director Greenoaks Capital Partners Llc acquired 750,000 shares of Coupang stock in a transaction dated Friday, November 8th. The shares were bought at an average cost of $24.01 per share, with a total value of $18,007,500.00. Following the purchase, the director now owns 52,038,723 shares in the company, valued at $1,249,449,739.23. This trade represents a 1.46 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of Coupang 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 transaction, the chief executive officer now directly owns 2,000,000 shares of the company's stock, valued at $45,940,000. This represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

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.