Mitsubishi UFJ Trust & Banking Corp Has $56.28 Million Stock Position in Coupang, Inc. $CPNG

Mitsubishi UFJ Trust & Banking Corp raised its position in Coupang, Inc. (NYSE:CPNG) by 0.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,878,582 shares of the company’s stock after purchasing an additional 5,286 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Coupang were worth $56,282,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in Coupang by 42.0% during the 1st quarter. Cerity Partners LLC now owns 30,549 shares of the company’s stock worth $670,000 after acquiring an additional 9,042 shares during the last quarter. Bleakley Financial Group LLC increased its position in Coupang by 8.5% in the first quarter. Bleakley Financial Group LLC now owns 15,709 shares of the company’s stock worth $344,000 after purchasing an additional 1,232 shares during the period. Sigma Planning Corp acquired a new position in Coupang in the first quarter valued at approximately $339,000. Massachusetts Financial Services Co. MA boosted its holdings in Coupang by 436.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company’s stock worth $190,497,000 after buying an additional 7,067,830 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Coupang by 7.4% in the 1st quarter. Victory Capital Management Inc. now owns 96,433 shares of the company’s stock valued at $2,115,000 after buying an additional 6,646 shares during the period. Institutional investors own 83.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CPNG. Morgan Stanley boosted their price objective on shares of Coupang from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Bank of America raised their price objective on Coupang from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Nomura Securities upgraded shares of Coupang to a “strong-buy” rating in a report on Wednesday, August 6th. Zacks Research raised Coupang from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Coupang in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Coupang has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Coupang Stock Performance

Coupang stock opened at $28.81 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 1.06. The stock has a market cap of $52.51 billion, a price-to-earnings ratio of 137.17 and a beta of 1.17. The stock’s 50 day simple moving average is $31.63 and its two-hundred day simple moving average is $29.52. Coupang, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $34.08.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The company had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.13 billion. During the same period last year, the company posted $0.06 EPS. Coupang’s revenue was up 17.8% on a year-over-year basis. As a group, analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Coupang news, Director Pedro Franceschi sold 21,428 shares of Coupang stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $32.05, for a total value of $686,767.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Harold Rogers sold 64,755 shares of Coupang stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $32.06, for a total transaction of $2,076,045.30. Following the completion of the sale, the insider owned 449,569 shares of the company’s stock, valued at $14,413,182.14. This represents a 12.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 913,633 shares of company stock valued at $29,143,084. 12.78% of the stock is currently owned by company insiders.

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.