Deutsche Bank AG Boosts Stock Position in Coupang, Inc. $CPNG

Key Points

• Deutsche Bank AG increased its stake in Coupang, Inc. by 19.7%, holding a total of 108,748 shares valued at approximately $2.39 million at the end of the last quarter.
• Several hedge funds showed interest, with notable investments including a 51.8% increase in holdings by First Trust Advisors LP and a 97.0% increase by Dimensional Fund Advisors LP during the fourth quarter.
• Despite strong quarterly revenue of $8.52 billion, Coupang missed EPS estimates, reporting $0.02 per share, falling short of the expected $0.07.

Deutsche Bank AG boosted its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 19.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,748 shares of the company's stock after purchasing an additional 17,915 shares during the quarter. Deutsche Bank AG's holdings in Coupang were worth $2,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPNG. Guggenheim Capital LLC purchased a new stake in Coupang during the 4th quarter worth approximately $439,000. Jump Financial LLC bought a new stake in shares of Coupang in the 4th quarter valued at approximately $773,000. First Trust Advisors LP increased its holdings in shares of Coupang by 51.8% in the 4th quarter. First Trust Advisors LP now owns 1,759,451 shares of the company's stock valued at $38,673,000 after acquiring an additional 600,353 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Coupang by 97.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,249,233 shares of the company's stock valued at $49,440,000 after acquiring an additional 1,107,659 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Coupang by 298.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,018 shares of the company's stock valued at $330,000 after acquiring an additional 11,253 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Trading Down 0.1%

NYSE:CPNG opened at $28.8150 on Thursday. 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 12-month low of $19.02 and a 12-month high of $31.65. The business has a 50 day simple moving average of $29.47 and a 200 day simple moving average of $26.04. The firm has a market capitalization of $52.53 billion, a P/E ratio of 144.08 and a beta of 1.16.

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

Insiders Place Their Bets

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the completion of the transaction, the insider owned 309,542,259 shares in the company, valued at approximately $8,744,568,816.75. The trade was a 3.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Benjamin Sun sold 200,000 shares of the business's 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 transaction, the director owned 1,319,421 shares of the company's stock, valued at $37,418,779.56. This trade represents a 13.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,462,003 shares of company stock worth $295,524,795. Insiders own 12.78% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Nomura upgraded Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price target for the company in a report on Wednesday, August 6th. Wall Street Zen downgraded Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Morgan Stanley boosted their price target on Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target for the company. in a report on Wednesday, August 6th. Finally, Nomura Securities upgraded Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Coupang presently has a consensus rating of "Moderate Buy" and an average target price of $31.13.

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.

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