Douglass Winthrop Advisors LLC Has $6.79 Million Stake in Coupang, Inc. $CPNG

Key Points

• Douglass Winthrop Advisors LLC increased its stake in Coupang, Inc. by 4.8%, holding 309,793 shares valued at approximately $6.79 million.
• A significant number of institutional investors are acquiring shares, with GQG Partners LLC purchasing a new position worth $168.1 million in the first quarter.
• Coupang reported a $0.02 EPS for the latest quarter, missing expectations, despite revenue rising to $8.52 billion, reflecting a 16.4% year-over-year increase.

Douglass Winthrop Advisors LLC boosted its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,793 shares of the company's stock after buying an additional 14,107 shares during the period. Douglass Winthrop Advisors LLC's holdings in Coupang were worth $6,794,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Guggenheim Capital LLC bought a new position in shares of Coupang in the fourth quarter worth about $439,000. First Trust Advisors LP lifted its holdings in shares of Coupang by 51.8% in the fourth quarter. First Trust Advisors LP now owns 1,759,451 shares of the company's stock worth $38,673,000 after acquiring an additional 600,353 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Coupang by 97.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,249,233 shares of the company's stock worth $49,440,000 after acquiring an additional 1,107,659 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Coupang by 298.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,018 shares of the company's stock worth $330,000 after acquiring an additional 11,253 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Coupang by 142.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after acquiring an additional 1,429 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on CPNG. Deutsche Bank Aktiengesellschaft cut shares of 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. Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Barclays increased their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley raised their price objective on shares of Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. One 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $31.13.

Insider Activity

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the firm's 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 completion of the transaction, the insider owned 309,542,259 shares in the company, valued at approximately $8,744,568,816.75. This trade represents a 3.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin Sun sold 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the transaction, the director owned 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. The trade was a 13.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,462,003 shares of company stock worth $295,524,795 in the last 90 days. 12.78% of the stock is owned by company insiders.

Coupang Trading Down 0.8%

Coupang stock traded down $0.22 during mid-day trading on Monday, hitting $28.53. 5,752,777 shares of the stock were exchanged, compared to its average volume of 11,338,745. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. Coupang, Inc. has a 12 month low of $19.02 and a 12 month high of $31.65. The firm's fifty day simple moving average is $29.48 and its two-hundred day simple moving average is $26.17. The stock has a market capitalization of $52.01 billion, a price-to-earnings ratio of 142.66 and a beta of 1.16.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $8.34 billion. During the same quarter in the previous year, the business posted $0.07 EPS. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. Analysts forecast that Coupang, Inc. will post 0.17 EPS for the current year.

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.