Coupang, Inc. (NYSE:CPNG) Shares Sold by GFS Advisors LLC

GFS Advisors LLC cut its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,535 shares of the company's stock after selling 12,950 shares during the period. GFS Advisors LLC's holdings in Coupang were worth $1,572,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Coupang by 32.0% during the third quarter. FMR LLC now owns 27,153,608 shares of the company's stock worth $666,621,000 after purchasing an additional 6,584,910 shares in the last quarter. State Street Corp lifted its stake in Coupang by 1.9% during the third quarter. State Street Corp now owns 14,125,599 shares of the company's stock worth $346,783,000 after purchasing an additional 259,400 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 worth $211,868,000 after purchasing an additional 2,603,046 shares in the last quarter. Geode Capital Management LLC lifted its stake in Coupang by 0.5% during the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock worth $144,483,000 after purchasing an additional 29,164 shares in the last quarter. Finally, 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 worth $118,258,000 after purchasing an additional 2,802,325 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Stock Up 0.4 %

NYSE:CPNG traded up $0.11 during trading hours on Tuesday, hitting $23.69. The company's stock had a trading volume of 2,033,657 shares, compared to its average volume of 5,971,424. The stock has a market capitalization of $42.61 billion, a P/E ratio of 41.55, a price-to-earnings-growth ratio of 42.58 and a beta of 1.11. The stock has a fifty day moving average of $23.07 and a 200-day moving average of $23.43. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 52-week low of $13.66 and a 52-week high of $26.91.

Coupang (NYSE:CPNG - Get Free Report) last posted 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 analyst estimates of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. Coupang's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, equities analysts forecast that Coupang, Inc. will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now directly owns 52,726,423 shares in the company, valued at $1,269,652,265.84. This represents a 1.32 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bom Kim sold 15,000,000 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at approximately $45,940,000. This represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CPNG shares. Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Sanford C. Bernstein upgraded Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 price objective on the stock in a research note on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.56.

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.