Charles Schwab Investment Management Inc. Has $25.15 Million Stake in Coupang, Inc. $CPNG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Coupang, Inc. by 25.5%, now owning $25.15 million worth of shares.
• A significant 83.72% of Coupang's stock is now held by institutional investors, with several firms like Davidson Kahn Capital Management and Allspring Global Investments increasing their holdings substantially in the first quarter.
• Analysts have mixed sentiments on Coupang, with Barclays upgrading the stock to "overweight" while others like Wall Street Zen have downgraded it to "hold"; the average target price is currently $31.13.

Charles Schwab Investment Management Inc. increased its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,146,841 shares of the company's stock after purchasing an additional 233,052 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.06% of Coupang worth $25,150,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Coupang by 6.9% during the first quarter. Vanguard Group Inc. now owns 5,739,018 shares of the company's stock worth $125,857,000 after purchasing an additional 372,804 shares during the period. Atria Wealth Solutions Inc. acquired a new position in Coupang in the first quarter worth approximately $205,000. Thoroughbred Financial Services LLC increased its holdings in Coupang by 1.4% in the first quarter. Thoroughbred Financial Services LLC now owns 29,486 shares of the company's stock worth $646,000 after buying an additional 408 shares during the last quarter. R Squared Ltd increased its holdings in Coupang by 3,185.2% in the first quarter. R Squared Ltd now owns 17,740 shares of the company's stock worth $389,000 after buying an additional 17,200 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Coupang by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 260,302 shares of the company's stock worth $5,708,000 after buying an additional 9,948 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Stock Performance

Shares of CPNG traded down $0.1250 during trading hours on Monday, reaching $28.6250. 2,427,670 shares of the company traded hands, compared to its average volume of 9,446,401. The stock's fifty day moving average is $29.48 and its 200 day moving average is $26.14. The stock has a market cap of $52.19 billion, a P/E ratio of 143.03 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $31.65.

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

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of recent research reports. Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Morgan Stanley upped their price objective on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Barclays upped their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Nomura Securities upgraded Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price for the company. in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $31.13.

Insider Transactions at Coupang

In other Coupang news, Director Benjamin Sun sold 200,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total value of $5,672,000.00. Following the completion of the transaction, the director owned 1,319,421 shares of the company's stock, valued at $37,418,779.56. This represents a 13.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gaurav Anand sold 175,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total value of $4,919,250.00. Following the completion of the transaction, the chief financial officer directly owned 2,092,290 shares of the company's stock, valued at approximately $58,814,271.90. This trade represents a 7.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,462,003 shares of company stock worth $295,524,795. Insiders own 12.78% 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.