CHICAGO TRUST Co NA Makes New $258,000 Investment in Coupang, Inc. $CPNG

Key Points

• CHICAGO TRUST Co NA has made a new investment of $258,000 in Coupang, acquiring 8,596 shares of the company in the second quarter.
• Coupang's stock currently has a market cap of $58.41 billion, with earnings per share reported at $0.02 for the most recent quarter, missing analysts' estimates.
• Institutional investors collectively own 83.72% of Coupang's shares, with several firms significantly increasing their stakes, including Dark Forest Capital Management, which grew its holdings by 460.8%.

CHICAGO TRUST Co NA bought a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,596 shares of the company's stock, valued at approximately $258,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davidson Kahn Capital Management LLC raised its position in Coupang by 31.6% during the first quarter. Davidson Kahn Capital Management LLC now owns 103,567 shares of the company's stock worth $2,271,000 after acquiring an additional 24,877 shares during the last quarter. Altimeter Capital Management LP grew its holdings in shares of Coupang by 24.3% during the first quarter. Altimeter Capital Management LP now owns 7,441,445 shares of the company's stock worth $163,191,000 after buying an additional 1,455,555 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Coupang by 40.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 305,512 shares of the company's stock worth $6,776,000 after buying an additional 87,412 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Coupang during the first quarter worth about $241,000. Finally, Dark Forest Capital Management LP grew its holdings in shares of Coupang by 460.8% during the first quarter. Dark Forest Capital Management LP now owns 185,182 shares of the company's stock worth $4,061,000 after buying an additional 152,161 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Price Performance

Coupang stock opened at $32.04 on Thursday. Coupang, Inc. has a 1 year low of $19.02 and a 1 year high of $34.08. The firm has a 50 day moving average price of $30.01 and a 200 day moving average price of $27.16. The company has a market cap of $58.41 billion, a price-to-earnings ratio of 160.20 and a beta of 1.15. 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 (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The company had revenue of $8.52 billion during the quarter, compared to analysts' expectations of $8.34 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Coupang's revenue for the quarter was up 16.4% compared to the same quarter last year. Sell-side analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Activity at Coupang

In other Coupang news, VP Pranam Kolari sold 11,653 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $29.14, for a total transaction of $339,568.42. Following the completion of the sale, the vice president directly owned 158,676 shares in the company, valued at $4,623,818.64. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pedro Franceschi sold 21,428 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $32.05, for a total transaction of $686,767.40. The disclosure for this sale can be found here. Insiders sold 988,983 shares of company stock valued at $31,203,966 over the last quarter. Company insiders own 12.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target for the company. in a report on Wednesday, August 6th. Nomura upgraded shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price target for the company in a report on Wednesday, August 6th. Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Morgan Stanley lifted their price target on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.11.

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.

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