Coupang, Inc. $CPNG Position Lifted by Bain Capital Public Equity LP

Key Points

• Bain Capital Public Equity LP increased its holdings in Coupang, Inc. by 87.4% in the first quarter, now owning 237,961 shares valued at approximately $5.2 million.
• Insider selling included VP Pranam Kolari and CFO Gaurav Anand, who sold a combined total of 87,003 shares worth around $2.4 million, reflecting a decrease in their ownership stakes.
• Coupang recently reported a 16.4% year-over-year revenue increase for the quarter, totaling $8.52 billion, but missed earnings per share estimates by $0.05.

Bain Capital Public Equity LP lifted its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 87.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 237,961 shares of the company's stock after purchasing an additional 111,010 shares during the quarter. Coupang comprises about 5.7% of Bain Capital Public Equity LP's portfolio, making the stock its 8th largest holding. Bain Capital Public Equity LP's holdings in Coupang were worth $5,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC purchased a new position in shares of Coupang in the 1st quarter valued at approximately $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Coupang in the 1st quarter valued at approximately $30,000. Grove Bank & Trust purchased a new position in shares of Coupang in the 1st quarter valued at approximately $33,000. Brooklyn Investment Group raised its position in shares of Coupang by 43.1% in the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock valued at $37,000 after purchasing an additional 506 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Coupang by 600.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,507 shares of the company's stock worth $55,000 after buying an additional 2,149 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 11,653 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $29.14, for a total value of $339,568.42. Following the transaction, the vice president owned 158,676 shares in the company, valued at approximately $4,623,818.64. This trade represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gaurav Anand sold 75,350 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.79, for a total value of $2,093,976.50. Following the completion of the transaction, the chief financial officer owned 2,016,940 shares in the company, valued at $56,050,762.60. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,087,003 shares of company stock worth $284,933,545. Corporate insiders own 12.78% of the company's stock.

Coupang Price Performance

Coupang stock traded up $0.17 during trading on Friday, reaching $28.90. The company had a trading volume of 8,132,816 shares, compared to its average volume of 7,959,836. The firm's 50-day simple moving average is $29.41 and its 200 day simple moving average is $26.40. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $31.65. The firm has a market capitalization of $52.68 billion, a PE ratio of 144.48 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The firm had revenue of $8.52 billion during the quarter, compared to analysts' expectations of $8.34 billion. Coupang had a net margin of 1.13% and a return on equity of 7.47%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. As a group, equities research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPNG has been the subject of a number of recent research reports. Nomura Securities raised shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target for the company. in a research report on Wednesday, August 6th. Morgan Stanley raised their price target on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price target for the company in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $31.14.

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.