Coupang, Inc. (NYSE:CPNG) Stock Holdings Trimmed by PointState Capital LP

PointState Capital LP lowered its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,103,498 shares of the company's stock after selling 4,137,841 shares during the period. Coupang comprises about 4.0% of PointState Capital LP's holdings, making the stock its 9th largest holding. PointState Capital LP owned approximately 0.56% of Coupang worth $222,075,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang in the 4th quarter valued at about $26,000. Berbice Capital Management LLC bought a new position in Coupang during the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. increased its position in Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after buying an additional 1,640 shares in the last quarter. Allworth Financial LP increased its position in Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after buying an additional 1,986 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Coupang by 142.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after purchasing an additional 1,429 shares in the last quarter. Institutional investors own 83.72% of the company's stock.

Coupang Trading Up 1.0%

CPNG opened at $26.83 on Thursday. The stock has a market cap of $48.44 billion, a price-to-earnings ratio of 47.07, a P/E/G ratio of 52.20 and a beta of 1.08. The stock's 50 day moving average price is $22.81 and its 200-day moving average price is $23.45. Coupang, Inc. has a one year low of $18.16 and a one year high of $27.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays lifted their price objective on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, 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 report 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $29.19.

Insider Activity

In related news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $25.75, for a total value of $772,500,000.00. Following the completion of the sale, the insider now owns 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gaurav Anand sold 75,350 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were 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 owns 2,267,290 shares of the company's stock, valued at $59,176,269. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,334,697 shares of company stock valued at $780,547,061. 13.60% of the stock is currently owned by insiders.

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.

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