Graham Capital Management L.P. Takes Position in Coupang, Inc. (NYSE:CPNG)

Graham Capital Management L.P. acquired a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 39,284 shares of the company's stock, valued at approximately $863,000.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Coupang by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares during the period. FMR LLC raised its stake in shares of Coupang by 9.1% during the 4th quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after purchasing an additional 2,465,973 shares during the period. Durable Capital Partners LP raised its stake in shares of Coupang by 13.6% during the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after purchasing an additional 3,420,133 shares during the period. Dragoneer Investment Group LLC raised its stake 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 during the period. Finally, Dodge & Cox raised its stake 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 during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CPNG shares. 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 note on Wednesday, February 26th. Mizuho upgraded Coupang to a "hold" rating in a research note on Friday, April 18th. Finally, Barclays boosted their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and an average price target of $29.64.

Coupang Price Performance

Shares of CPNG traded up $0.38 during midday trading on Friday, hitting $27.22. 19,843,278 shares of the company traded hands, compared to its average volume of 7,858,259. The stock has a 50-day moving average of $23.01 and a 200-day moving average of $23.47. Coupang, Inc. has a one year low of $18.16 and a one year high of $27.73. The firm has a market cap of $49.15 billion, a P/E ratio of 47.76, a PEG ratio of 52.20 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share 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 company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. The company's revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts predict that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the transaction, the director now owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. The trade was a 12.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gaurav Anand sold 75,350 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $26.10, for a total value of $1,966,635.00. Following the completion of the sale, the chief financial officer now directly owns 2,267,290 shares of the company's stock, valued at approximately $59,176,269. This represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,334,697 shares of company stock valued at $780,547,061. 13.60% of the stock is owned by corporate insiders.

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.