AMS Capital Ltda Purchases 224,716 Shares of Coupang, Inc. (NYSE:CPNG)

AMS Capital Ltda grew its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 94.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 461,630 shares of the company's stock after purchasing an additional 224,716 shares during the quarter. Coupang makes up about 4.2% of AMS Capital Ltda's portfolio, making the stock its 9th biggest holding. AMS Capital Ltda's holdings in Coupang were worth $10,124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Coupang during the 4th quarter worth $404,896,000. Price T Rowe Associates Inc. MD raised its holdings in Coupang by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock valued at $1,663,594,000 after buying an additional 17,123,637 shares during the period. Durable Capital Partners LP raised its holdings in Coupang by 13.6% in the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock valued at $629,426,000 after buying an additional 3,420,133 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Coupang by 106.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 5,778,763 shares of the company's stock valued at $127,017,000 after buying an additional 2,979,981 shares during the period. Finally, Coronation Fund Managers Ltd. raised its holdings in Coupang by 53.3% in the 4th quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock valued at $162,292,000 after buying an additional 2,566,581 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Price Performance

Shares of Coupang stock traded up $0.17 during trading on Thursday, hitting $28.52. The stock had a trading volume of 6,899,168 shares, compared to its average volume of 8,005,364. The business has a fifty day moving average of $24.24 and a two-hundred day moving average of $23.70. The firm has a market cap of $51.78 billion, a P/E ratio of 50.04, a PEG ratio of 52.20 and a beta of 1.15. 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, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $28.87.

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

Analysts Set New Price Targets

CPNG has been the topic of several research analyst reports. Barclays boosted their price objective on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Mizuho raised Coupang to a "hold" rating in a report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

Insider Buying and Selling at Coupang

In related news, CFO Gaurav Anand sold 175,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the completion of the sale, the chief financial officer now directly owns 2,092,290 shares of the company's stock, valued at $58,814,271.90. This trade represents a 7.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction 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 of the company's stock, valued at $40,286,034.03. This trade represents a 12.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,709,697 shares of company stock valued at $791,138,311 in the last quarter. Corporate insiders own 12.78% of the company's stock.

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.