Duquesne Family Office LLC Increases Holdings in Coupang, Inc. (NYSE:CPNG)

Duquesne Family Office LLC increased its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,302,634 shares of the company's stock after buying an additional 399,985 shares during the quarter. Coupang accounts for approximately 6.7% of Duquesne Family Office LLC's holdings, making the stock its 3rd biggest position. Duquesne Family Office LLC owned approximately 0.52% of Coupang worth $204,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPNG. Dodge & Cox grew its stake in Coupang by 101.6% in the first quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock valued at $894,413,000 after purchasing an additional 20,555,600 shares in the last quarter. Norges Bank acquired a new stake in shares of Coupang in the fourth quarter worth about $404,896,000. Price T Rowe Associates Inc. MD lifted its position in shares of Coupang by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after buying an additional 17,123,637 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Coupang in the first quarter worth about $168,127,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Coupang by 436.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company's stock worth $190,497,000 after buying an additional 7,067,830 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Wall Street Analysts Forecast Growth

CPNG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a research report on Wednesday, February 26th. Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Barclays boosted their price objective on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Coupang has an average rating of "Moderate Buy" and an average price target of $29.64.

Coupang Stock Performance

Shares of CPNG stock remained flat at $28.28 during trading hours on Thursday. The stock had a trading volume of 5,793,866 shares, compared to its average volume of 8,052,874. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $29.12. The company has a market cap of $51.35 billion, a price-to-earnings ratio of 49.61, a price-to-earnings-growth ratio of 52.20 and a beta of 1.15. The stock's 50 day moving average is $25.09 and its two-hundred day moving average is $23.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. The company's quarterly revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the transaction, the vice president now owns 177,106 shares of the company's stock, valued at approximately $4,223,978.10. This represents a 5.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $25.75, for a total value of $772,500,000.00. Following the completion of the transaction, the insider now owns 319,542,259 shares in the company, valued at $8,228,213,169.25. The trade was a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,709,697 shares of company stock worth $791,138,311. Company insiders own 12.78% of the company's stock.

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.