Coupang, Inc. (NYSE:CPNG) is Duquesne Family Office LLC's 5th Largest Position

Duquesne Family Office LLC reduced its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 23.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,902,649 shares of the company's stock after selling 2,793,443 shares during the period. Coupang comprises 5.3% of Duquesne Family Office LLC's investment portfolio, making the stock its 5th largest position. Duquesne Family Office LLC owned 0.49% of Coupang worth $195,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of Coupang by 85.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock valued at $24,182,000 after buying an additional 506,622 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Coupang by 23.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock valued at $4,861,000 after acquiring an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC purchased a new position in Coupang during the 4th quarter valued at $2,618,000. New York Life Investment Management LLC bought a new position in Coupang in the 4th quarter worth $349,000. Finally, Ninety One UK Ltd purchased a new stake in shares of Coupang in the 4th quarter worth about $46,388,000. Institutional investors own 83.72% of the company's stock.

Wall Street Analysts Forecast Growth

CPNG has been the topic of several recent research reports. Mizuho raised Coupang to a "hold" rating in a research note on Friday, April 18th. Barclays set a $35.00 price target on shares of Coupang and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Citigroup dropped their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.06.

Insider Activity

In other Coupang 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Pranam Kolari sold 9,347 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the transaction, the vice president now directly owns 177,106 shares in the company, valued at $4,223,978.10. This trade represents a 5.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 13.60% of the company's stock.

Coupang Trading Up 0.4 %

NYSE:CPNG opened at $24.09 on Wednesday. The company has a 50 day simple moving average of $22.47 and a two-hundred day simple moving average of $23.40. The company has a market cap of $43.49 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $26.91.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The firm had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company's revenue was up 11.2% compared to the same quarter last year. Research analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current year.

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.

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