Coupang, Inc. (NYSE:CPNG) Stock Position Boosted by Dorsal Capital Management LP

Dorsal Capital Management LP boosted its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,250,000 shares of the company's stock after buying an additional 50,000 shares during the period. Coupang accounts for about 3.8% of Dorsal Capital Management LP's investment portfolio, making the stock its 9th biggest holding. Dorsal Capital Management LP owned approximately 0.40% of Coupang worth $159,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wingate Wealth Advisors Inc. purchased a new stake in Coupang during the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC acquired a new position in shares of Coupang during the fourth quarter worth $31,000. Itau Unibanco Holding S.A. lifted its holdings in shares of 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 purchasing an additional 1,640 shares during the last quarter. Allworth Financial LP boosted its position in shares of Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after purchasing an additional 1,986 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in Coupang by 142.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after buying an additional 1,429 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

Coupang Stock Performance

Shares of Coupang stock traded up $0.37 during trading on Friday, hitting $26.00. 14,831,247 shares of the company's stock were exchanged, compared to its average volume of 7,707,181. Coupang, Inc. has a 52-week low of $18.16 and a 52-week 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. The stock has a market capitalization of $46.94 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 52.20 and a beta of 1.08. The business has a 50-day simple moving average of $22.62 and a 200-day simple moving average of $23.43.

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

Wall Street Analysts Forecast Growth

CPNG has been the topic of a number of research analyst reports. Mizuho upgraded Coupang to a "hold" rating in a research note on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. Finally, Barclays raised their price target on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.19.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the transaction, the vice president now owns 177,106 shares in the company, valued at approximately $4,223,978.10. This represents a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the sale, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company's stock.

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.