Coupang, Inc. (NYSE:CPNG) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 619,635 shares of the company's stock after selling 176,424 shares during the quarter. Penserra Capital Management LLC's holdings in Coupang were worth $15,211,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Asset Dedication LLC boosted its stake in shares of Coupang by 438.1% during the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company's stock worth $30,000 after acquiring an additional 990 shares in the last quarter. Van ECK Associates Corp boosted its position in Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock worth $32,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC grew its holdings in Coupang by 308.2% in the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company's stock valued at $41,000 after purchasing an additional 1,470 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company's stock valued at $41,000 after buying an additional 1,295 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Coupang by 438.9% during the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company's stock worth $58,000 after buying an additional 1,931 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Price Performance

NYSE CPNG traded up $0.32 during trading hours on Friday, hitting $24.32. 13,137,389 shares of the company's stock traded hands, compared to its average volume of 9,621,124. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The firm's 50-day moving average is $24.99 and its 200-day moving average is $22.95. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $26.91. The company has a market capitalization of $43.75 billion, a PE ratio of 42.67, a PEG ratio of 216.02 and a beta of 1.10.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business's revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. Equities analysts forecast that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Coupang

In related news, CEO Bom Kim sold 15,000,000 shares of the business's stock in a transaction dated 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 directly owns 2,000,000 shares in the company, valued at approximately $45,940,000. The trade was a 88.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of the stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the purchase, the director now owns 52,726,423 shares of the company's stock, 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 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.