3G Capital Partners LP Has $29.61 Million Stock Position in Coupang, Inc. $CPNG

Key Points

• 3G Capital Partners LP has increased its stake in Coupang, Inc. by 12.5%, now owning approximately 1,350,000 shares of the company, which constitutes about 8.5% of its investment portfolio.
• Coupang reported a net margin of 1.13% and a revenue of $8.52 billion for the recent quarter, exceeding the consensus estimate for revenue but missing earnings expectations.
• Institutional investors control 83.72% of Coupang's stock, reflecting a strong confidence in the company's operations and growth potential.

3G Capital Partners LP boosted its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,350,000 shares of the company's stock after acquiring an additional 150,000 shares during the quarter. Coupang comprises about 8.5% of 3G Capital Partners LP's holdings, making the stock its 6th largest holding. 3G Capital Partners LP owned approximately 0.07% of Coupang worth $29,606,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CPNG. Tudor Investment Corp ET AL raised its position in shares of Coupang by 868.1% in the 4th quarter. Tudor Investment Corp ET AL now owns 86,032 shares of the company's stock valued at $1,891,000 after purchasing an additional 97,232 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Coupang by 2.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 68,205 shares of the company's stock valued at $1,499,000 after purchasing an additional 1,438 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Coupang by 21.7% in the 4th quarter. AQR Capital Management LLC now owns 301,496 shares of the company's stock valued at $6,627,000 after purchasing an additional 53,728 shares in the last quarter. Comerica Bank raised its position in shares of Coupang by 4.1% in the 4th quarter. Comerica Bank now owns 16,546 shares of the company's stock valued at $364,000 after purchasing an additional 652 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Coupang in the 4th quarter valued at approximately $6,028,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Coupang Stock Performance

Shares of CPNG stock traded up $0.17 on Friday, hitting $28.90. 8,132,816 shares of the stock traded hands, compared to its average volume of 7,959,836. The company has a market capitalization of $52.68 billion, a PE ratio of 144.48 and a beta of 1.15. The company's fifty day moving average is $29.41 and its 200 day moving average is $26.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84. 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 issued 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 the consensus estimate of $8.34 billion. Coupang had a return on equity of 7.47% and a net margin of 1.13%.Coupang's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. On average, equities research analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gaurav Anand sold 75,350 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the completion of the transaction, the chief financial officer directly owned 2,016,940 shares in the company, valued at $56,050,762.60. This represents a 3.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Pranam Kolari sold 11,653 shares of the company'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 of the company's stock, valued at approximately $4,623,818.64. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,087,003 shares of company stock worth $284,933,545 in the last three months. 12.78% of the stock is owned by insiders.

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.