NBT Bank N A NY Lowers Stock Position in Coupang, Inc. (NYSE:CPNG)

NBT Bank N A NY reduced its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 17.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,605 shares of the company’s stock after selling 1,430 shares during the period. NBT Bank N A NY’s holdings in Coupang were worth $145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Coupang by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock valued at $1,663,594,000 after buying an additional 17,123,637 shares in the last quarter. FMR LLC boosted its stake in shares of Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company’s stock valued at $651,038,000 after buying an additional 2,465,973 shares in the last quarter. Durable Capital Partners LP boosted its stake in shares of Coupang by 13.6% in the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock valued at $629,426,000 after buying an additional 3,420,133 shares in the last quarter. Dragoneer Investment Group LLC boosted its position in shares of Coupang by 9.0% during the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company’s stock worth $451,497,000 after purchasing an additional 1,690,826 shares in the last quarter. Finally, Dodge & Cox boosted its position in shares of Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company’s stock worth $444,640,000 after purchasing an additional 123,900 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Stock Up 0.5%

Shares of NYSE:CPNG opened at $28.38 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $29.12. The stock’s fifty day simple moving average is $25.69 and its 200-day simple moving average is $23.95. The company has a market capitalization of $51.53 billion, a P/E ratio of 202.72 and a beta of 1.15.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $8.02 billion. Coupang had a net margin of 0.82% and a return on equity of 10.07%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities research analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPNG. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective on the stock in a report on Wednesday, February 26th. Mizuho raised Coupang to a “hold” rating in a research note on Friday, April 18th. Finally, Barclays boosted their price target on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Coupang has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Insider Activity at Coupang

In other news, CFO Gaurav Anand sold 75,350 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $26.10, for a total transaction of $1,966,635.00. Following the transaction, the chief financial officer now directly owns 2,267,290 shares in the company, valued at $59,176,269. This represents a 3.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the transaction, the director now owns 1,319,421 shares in the company, valued at approximately $37,418,779.56. The trade was a 13.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,459,697 shares of company stock valued at $1,067,780,811. Company insiders own 12.78% of the company’s stock.

Coupang Company 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.