Bokf Na Purchases 11,487 Shares of Coupang, Inc. (NYSE:CPNG)

Bokf Na lifted its position in Coupang, Inc. (NYSE:CPNG) by 6.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,695 shares of the company’s stock after purchasing an additional 11,487 shares during the quarter. Bokf Na’s holdings in Coupang were worth $3,234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPNG. Global Retirement Partners LLC lifted its position in Coupang by 135.8% in the 1st quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock worth $26,000 after buying an additional 827 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Coupang during the 1st quarter valued at $50,000. Acadian Asset Management LLC raised its position in Coupang by 438.7% in the 1st quarter. Acadian Asset Management LLC now owns 5,581 shares of the company’s stock worth $99,000 after purchasing an additional 4,545 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Coupang by 27.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company’s stock worth $138,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Coupang by 16.4% during the first quarter. Advisors Asset Management Inc. now owns 8,236 shares of the company’s stock valued at $147,000 after buying an additional 1,159 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Stock Performance

CPNG stock traded up $0.21 during midday trading on Monday, reaching $20.39. 522,141 shares of the company’s stock traded hands, compared to its average volume of 10,961,117. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.67. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $23.77. The stock has a market cap of $36.46 billion, a P/E ratio of 28.83, a PEG ratio of 1,998.02 and a beta of 1.09. The stock’s 50-day moving average is $21.49 and its 200 day moving average is $19.46.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Coupang had a return on equity of 13.59% and a net margin of 4.96%. The business had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $6.95 billion. During the same period in the prior year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. As a group, analysts anticipate that Coupang, Inc. will post 0.01 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CPNG. Barclays increased their target price on Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Bank of America began coverage on shares of Coupang in a research note on Friday, May 3rd. They set a “buy” rating and a $30.00 price objective for the company. Mizuho upped their price target on Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Citigroup lifted their price objective on Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley lifted their price target on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.71.

Insider Activity at Coupang

In other Coupang news, Director Hanseung Kang sold 40,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $23.00, for a total transaction of $920,000.00. Following the completion of the transaction, the director now owns 544,478 shares of the company’s stock, valued at approximately $12,522,994. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coupang news, CAO Jonathan D. Lee sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $21.45, for a total transaction of $107,250.00. Following the sale, the chief accounting officer now directly owns 120,835 shares of the company’s stock, valued at $2,591,910.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hanseung Kang sold 40,000 shares of Coupang stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $23.00, for a total value of $920,000.00. Following the completion of the transaction, the director now owns 544,478 shares of the company’s stock, valued at approximately $12,522,994. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 753,538 shares of company stock valued at $15,662,818. Corporate insiders own 13.60% of the company’s stock.

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.