Coupang, Inc. (NYSE:CPNG) Shares Sold by Privium Fund Management B.V.

Key Points

• Privium Fund Management B.V. reduced its stake in Coupang, Inc. by 42.3%, owning 81,900 shares after selling 60,000 shares, now making it 0.5% of their portfolio.
• Several other hedge funds, including PNC Financial Services and Baker Avenue Asset Management, increased their positions in Coupang during the first quarter, reflecting ongoing institutional interest in the stock.
• Coupang's quarterly earnings report indicated a slight miss on earnings per share, with revenue at $7.91 billion, falling short of analyst estimates and marking a year-on-year revenue growth of 11.2%.

Privium Fund Management B.V. trimmed its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 42.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,900 shares of the company's stock after selling 60,000 shares during the quarter. Coupang makes up approximately 0.5% of Privium Fund Management B.V.'s investment portfolio, making the stock its 26th biggest holding. Privium Fund Management B.V.'s holdings in Coupang were worth $1,831,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CPNG. California State Teachers Retirement System boosted its stake in Coupang by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock valued at $1,879,000 after acquiring an additional 445 shares in the last quarter. Virtus ETF Advisers LLC lifted its stake in shares of Coupang by 1.1% during the fourth quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company's stock worth $975,000 after buying an additional 466 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of Coupang by 4.2% during the first quarter. Resonant Capital Advisors LLC now owns 11,768 shares of the company's stock worth $258,000 after buying an additional 476 shares during the period. National Bank of Canada FI lifted its stake in shares of Coupang by 8.6% during the fourth quarter. National Bank of Canada FI now owns 6,944 shares of the company's stock worth $153,000 after buying an additional 548 shares during the period. Finally, Snowden Capital Advisors LLC lifted its stake in shares of Coupang by 1.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 49,908 shares of the company's stock worth $1,097,000 after buying an additional 603 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPNG has been the subject of several research reports. Barclays lifted their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Mizuho upgraded shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Coupang currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.08.

Insider Activity

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $25.75, for a total transaction of $772,500,000.00. Following the transaction, the insider directly owned 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Pranam Kolari sold 11,653 shares of the 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 owned 158,676 shares in the company, valued at $4,623,818.64. This represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,462,003 shares of company stock valued at $1,067,897,453 over the last ninety days. 12.78% of the stock is currently owned by company insiders.

Coupang Stock Performance

CPNG traded up $0.87 on Monday, reaching $29.61. The company had a trading volume of 9,949,115 shares, compared to its average volume of 9,453,162. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $31.65. The stock has a market capitalization of $53.76 billion, a PE ratio of 211.50 and a beta of 1.16. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $29.39 and a 200-day moving average price of $25.56.

Coupang (NYSE:CPNG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a net margin of 0.82% and a return on equity of 10.07%. The business had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $8.02 billion. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, research analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

About Coupang

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.