Fiduciary Trust Co Acquires 12,100 Shares of Coupang, Inc. (NYSE:CPNG)

Fiduciary Trust Co increased its holdings in Coupang, Inc. (NYSE:CPNG) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,186,940 shares of the company’s stock after acquiring an additional 12,100 shares during the period. Coupang comprises about 3.8% of Fiduciary Trust Co’s holdings, making the stock its 6th largest holding. Fiduciary Trust Co’s holdings in Coupang were worth $289,849,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CPNG. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang in the fourth quarter worth about $26,000. Berbice Capital Management LLC acquired a new stake in shares of Coupang in the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. increased its holdings in Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock valued at $43,000 after purchasing an additional 1,640 shares in the last quarter. Allworth Financial LP raised its stake in shares of Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after acquiring an additional 1,986 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company’s stock valued at $53,000 after acquiring an additional 1,429 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Down 3.5 %

NYSE:CPNG opened at $25.68 on Friday. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $27.03. 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 cap of $46.36 billion, a PE ratio of 45.04, a P/E/G ratio of 52.20 and a beta of 1.08. The company’s 50 day moving average is $22.57 and its two-hundred day moving average is $23.43.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $8.02 billion. The firm’s revenue was up 11.2% on a year-over-year basis. Analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

CPNG has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday. Mizuho upgraded Coupang to a “hold” rating in a research note on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and an average target price of $29.19.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the sale, the vice president now directly owns 177,106 shares of the company’s stock, valued at approximately $4,223,978.10. The trade was a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the sale, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.