Mitsubishi UFJ Trust & Banking Corp Has $33.85 Million Stake in Coupang, Inc. $CPNG

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Coupang, Inc. (NYSE:CPNG) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,434,989 shares of the company’s stock after selling 229,947 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Coupang were worth $33,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Coupang during the third quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in shares of Coupang during the third quarter worth approximately $32,000. Fifth Third Bancorp increased its holdings in shares of Coupang by 1,250.0% during the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Coupang during the third quarter worth approximately $40,000. Finally, Colonial Trust Advisors acquired a new stake in shares of Coupang during the third quarter worth approximately $48,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other Coupang news, Director Neil Mehta acquired 3,000,000 shares of Coupang stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $18.68 per share, with a total value of $56,040,000.00. Following the completion of the purchase, the director owned 52,978,114 shares in the company, valued at $989,631,169.52. The trade was a 6.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased 7,350,104 shares of company stock valued at $136,566,051 over the last quarter. 12.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPNG. UBS Group set a $25.00 price objective on shares of Coupang in a report on Thursday, February 19th. Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 14th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, January 16th. Citigroup lowered their price target on shares of Coupang from $27.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Finally, Barclays raised their price target on shares of Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Coupang has an average rating of “Hold” and an average price target of $27.30.

Coupang Stock Performance

Shares of Coupang stock opened at $20.30 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 0.79. The firm has a market cap of $37.12 billion, a P/E ratio of 169.21 and a beta of 1.16. The firm has a 50 day simple moving average of $19.51 and a 200 day simple moving average of $23.04. Coupang, Inc. has a fifty-two week low of $16.74 and a fifty-two week high of $34.08.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $8.84 billion during the quarter, compared to analyst estimates of $9.12 billion. Coupang had a net margin of 0.60% and a return on equity of 4.52%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 EPS. Sell-side analysts predict that Coupang, Inc. will post -0.78 earnings per share for the current fiscal year.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.