Coupang, Inc. $CPNG is Bwcp LP's 6th Largest Position

Key Points

• Bwcp LP increased its stake in Coupang, Inc. by 46.4% during the first quarter, making it the firm’s 6th largest position with 1,130,999 shares valued around $24.8 million.
• The company's quarterly earnings showed a net margin of 1.13% with revenue of $8.52 billion, exceeding analysts' expectations.
• Insiders sold a total of 10,087,003 shares of Coupang worth approximately $284.9 million in the last quarter, highlighting significant insider trading activity.

Bwcp LP increased its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,130,999 shares of the company's stock after purchasing an additional 358,378 shares during the period. Coupang accounts for 5.0% of Bwcp LP's portfolio, making the stock its 6th biggest position. Bwcp LP owned approximately 0.06% of Coupang worth $24,803,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CPNG. Nomura raised Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price on the stock in a report on Wednesday, August 6th. Wall Street Zen cut Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Morgan Stanley raised their price target on Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft lowered Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective for the company. in a research note on Wednesday, August 6th. Finally, Nomura Securities raised Coupang to a "strong-buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.14.

Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 11,653 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $29.14, for a total value of $339,568.42. Following the completion of the transaction, the vice president owned 158,676 shares of the company's stock, valued at $4,623,818.64. The trade was a 6.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the completion of the transaction, the insider directly owned 309,542,259 shares of the company's stock, valued at approximately $8,744,568,816.75. This trade represents a 3.13% 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. 12.78% of the stock is currently owned by insiders.

Coupang Stock Up 0.6%

NYSE CPNG traded up $0.17 on Friday, reaching $28.90. 8,132,816 shares of the stock traded hands, compared to its average volume of 7,959,836. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. The company has a fifty day moving average price of $29.41 and a 200-day moving average price of $26.40. The company has a market cap of $52.68 billion, a price-to-earnings ratio of 144.48 and a beta of 1.15. Coupang, Inc. has a 12 month low of $19.02 and a 12 month high of $31.65.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results 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). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same period last year, the firm earned $0.07 earnings per share. The company's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, research analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

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.