Capital Fund Management S.A. Sells 359,502 Shares of Coupang, Inc. $CPNG

Key Points

• Capital Fund Management S.A. significantly reduced its stake in Coupang, Inc. by 92.8%, selling 359,502 shares and ending the quarter with just 27,700 shares valued at $607,000.
• Despite selling shares, several other institutional investors increased their holdings in Coupang, including Massachusetts Financial Services, which grew its stake by 436.6% during the same quarter.
• Coupang's recent quarterly earnings revealed a miss on EPS estimates, reporting $0.02 per share compared to the expected $0.07, although revenue grew by 16.4% year-over-year to $8.52 billion.

Capital Fund Management S.A. lessened its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 92.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 27,700 shares of the company's stock after selling 359,502 shares during the period. Capital Fund Management S.A.'s holdings in Coupang were worth $607,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CPNG. GQG Partners LLC bought a new stake in shares of Coupang during the first quarter worth $168,127,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Coupang by 436.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company's stock worth $190,497,000 after purchasing an additional 7,067,830 shares during the last quarter. Nuveen LLC bought a new stake in shares of Coupang during the first quarter worth $75,775,000. Durable Capital Partners LP grew its holdings in shares of Coupang by 13.6% during the fourth 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 last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Coupang by 106.5% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,778,763 shares of the company's stock worth $127,017,000 after purchasing an additional 2,979,981 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

Coupang Stock Down 0.4%

NYSE:CPNG opened at $28.43 on Wednesday. Coupang, Inc. has a 12-month low of $19.02 and a 12-month high of $31.65. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $51.83 billion, a P/E ratio of 142.17 and a beta of 1.16. The stock's fifty day simple moving average is $29.48 and its 200-day simple moving average is $26.19.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a return on equity of 7.47% and a net margin of 1.13%.The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.34 billion. During the same quarter in the prior year, the business earned $0.07 earnings per share. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Activity at Coupang

In related news, VP Pranam Kolari sold 11,653 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $29.14, for a total value of $339,568.42. Following the completion of the sale, the vice president owned 158,676 shares in the company, valued at $4,623,818.64. This represents a 6.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Gaurav Anand sold 75,350 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the completion of the sale, the chief financial officer owned 2,016,940 shares of the company's stock, valued at approximately $56,050,762.60. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,262,003 shares of company stock worth $289,852,795 in the last quarter. Corporate insiders own 12.78% of the company's stock.

Analyst Ratings Changes

CPNG has been the topic of several research analyst reports. Wall Street Zen cut Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Deutsche Bank Aktiengesellschaft downgraded Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price for the company. in a research report on Wednesday, August 6th. Nomura Securities upgraded Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their target price on Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Nomura upgraded Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price for the company in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.13.

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.

Want to see what other hedge funds are holding CPNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coupang, Inc. (NYSE:CPNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.