CW Advisors LLC Has $536,000 Stock Holdings in Coupang, Inc. $CPNG

Key Points

• CW Advisors LLC reduced its holdings in Coupang, Inc. by 50.8% in the first quarter, now owning 24,448 shares valued at $536,000 after selling 25,250 shares.
• A significant increase in stakes was noted from Massachusetts Financial Services Co., which grew its holdings by 436.6%, now owning 8,686,580 shares valued at $190,497,000.
• Coupang reported a 16.4% increase in quarterly revenue compared to the previous year, amounting to $8.52 billion, despite missing earnings per share estimates.

CW Advisors LLC decreased its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 50.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 24,448 shares of the company's stock after selling 25,250 shares during the period. CW Advisors LLC's holdings in Coupang were worth $536,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CPNG. GQG Partners LLC bought a new stake in shares of Coupang during the 1st quarter worth about $168,127,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Coupang by 436.6% during the 1st 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 period. Nuveen LLC bought a new stake in shares of Coupang during the 1st quarter worth about $75,775,000. Durable Capital Partners LP boosted its holdings in shares of Coupang by 13.6% during the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after buying an additional 3,420,133 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Coupang by 106.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 5,778,763 shares of the company's stock worth $127,017,000 after buying an additional 2,979,981 shares during the period. Institutional investors own 83.72% of the company's stock.

Coupang Price Performance

CPNG stock traded down $0.04 during mid-day trading on Monday, hitting $28.59. The stock had a trading volume of 7,987,153 shares, compared to its average volume of 10,374,748. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. Coupang, Inc. has a 52 week low of $19.02 and a 52 week high of $31.65. The firm has a market capitalization of $52.11 billion, a P/E ratio of 142.94 and a beta of 1.15. The firm has a fifty day simple moving average of $29.49 and a 200 day simple moving average of $26.30.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.34 billion. Coupang's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. As a group, research analysts forecast that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Activity at Coupang

In related news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of Coupang stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the sale, the insider directly owned 309,542,259 shares of the company's stock, valued at approximately $8,744,568,816.75. The trade was a 3.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Pranam Kolari sold 11,653 shares of Coupang 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 sale, the vice president directly owned 158,676 shares in the company, valued at $4,623,818.64. This trade represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,087,003 shares of company stock valued at $284,933,545. 12.78% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CPNG. Barclays raised their price target on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Nomura Securities raised shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price target on the stock in a research report on Wednesday, August 6th. Finally, Morgan Stanley raised their price target on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.13.

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.