National Bank of Canada FI Has $430,000 Stake in Coupang, Inc. $CPNG

Key Points

• National Bank of Canada FI significantly increased its stake in Coupang, Inc. by 182.6% during the first quarter, now holding nearly 20,000 shares valued at approximately $430,000.
• Wall Street analysts have mixed opinions on Coupang, with Barclays raising its target to $36.00 while Deutsche Bank downgraded it to a target of $27.00, indicating a general sentiment of cautious optimism.
• Recently, Coupang's stock performance has been volatile, with shares opening at $28.14, having experienced both a twelve-month high of $31.65 and a low of $19.02.

National Bank of Canada FI grew its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 182.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 19,623 shares of the company's stock after acquiring an additional 12,679 shares during the period. National Bank of Canada FI's holdings in Coupang were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kontiki Capital Management HK Ltd. lifted its position in shares of Coupang by 3.4% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 7,210,768 shares of the company's stock valued at $158,132,000 after acquiring an additional 237,300 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Coupang during the 1st quarter valued at $2,072,000. Deutsche Bank AG lifted its position in shares of Coupang by 19.7% during the 1st quarter. Deutsche Bank AG now owns 108,748 shares of the company's stock valued at $2,385,000 after acquiring an additional 17,915 shares during the last quarter. Altfest L J & Co. Inc. lifted its position in shares of Coupang by 130.9% during the 1st quarter. Altfest L J & Co. Inc. now owns 24,113 shares of the company's stock valued at $529,000 after acquiring an additional 13,672 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Coupang by 25.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,146,841 shares of the company's stock valued at $25,150,000 after acquiring an additional 233,052 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Stock Down 0.3%

Shares of NYSE:CPNG traded down $0.0760 during midday trading on Wednesday, hitting $28.7740. 2,815,046 shares of the stock were exchanged, compared to its average volume of 9,439,872. 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, Inc. has a 52-week low of $19.02 and a 52-week high of $31.65. The business's fifty day simple moving average is $29.45 and its two-hundred day simple moving average is $26.02. The company has a market capitalization of $52.46 billion, a PE ratio of 143.88 and a beta of 1.16.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a return on equity of 7.47% and a net margin of 1.13%.The firm had revenue of $8.52 billion for the quarter, compared to analysts' expectations of $8.34 billion. During the same quarter in the prior year, the business posted $0.07 earnings per share. Coupang's revenue was up 16.4% on a year-over-year basis. As a group, research analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on CPNG. Nomura Securities upgraded Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Nomura upgraded Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price objective for the company in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft lowered Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price for the company. in a report on Wednesday, August 6th. Barclays increased their target price on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Morgan Stanley increased their target price on Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.13.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 11,653 shares of the stock in a transaction on Monday, August 4th. The stock was 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 directly owned 158,676 shares in the company, valued at approximately $4,623,818.64. This trade represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total value of $5,672,000.00. Following the sale, the director owned 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. This represents a 13.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,462,003 shares of company stock valued at $295,524,795 in the last three months. 12.78% of the stock is currently 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.