Dynamic Technology Lab Private Ltd Makes New Investment in Coupang, Inc. $CPNG

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake of 23,542 shares in Coupang, Inc. valued at approximately $516,000 in the first quarter.
• Coupang's stock has experienced significant institutional investment, with 83.72% of the stock owned by institutional investors, indicating strong confidence in the company's future.
• Coupang reported a net revenue increase of 16.4% in the last quarter, totaling $8.52 billion, despite missing EPS estimates.

Dynamic Technology Lab Private Ltd acquired a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 23,542 shares of the company's stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CPNG. SVB Wealth LLC bought a new stake in Coupang during the first quarter worth $28,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Coupang during the 1st quarter worth about $30,000. Grove Bank & Trust bought a new stake in shares of Coupang in the 1st quarter valued at about $33,000. Brooklyn Investment Group lifted its stake in Coupang by 43.1% in the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock valued at $37,000 after purchasing an additional 506 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Coupang by 600.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,507 shares of the company's stock valued at $55,000 after purchasing an additional 2,149 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Stock Performance

Shares of NYSE CPNG opened at $32.12 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. The firm has a market cap of $58.56 billion, a price-to-earnings ratio of 160.63 and a beta of 1.15. The stock's fifty day moving average price is $29.53 and its two-hundred day moving average price is $26.54. Coupang, Inc. has a one year low of $19.02 and a one year high of $32.89.

Coupang (NYSE:CPNG - Get Free Report) last announced its 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 net margin of 1.13% and a return on equity of 7.47%. The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.34 billion. During the same period in the previous year, the firm posted $0.07 EPS. The company's revenue was up 16.4% compared to the same quarter last year. On average, equities analysts forecast that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling at Coupang

In other news, Director Benjamin Sun sold 815,797 shares of Coupang stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $31.88, for a total value of $26,007,608.36. Following the completion of the sale, the director directly owned 503,624 shares in the company, valued at approximately $16,055,533.12. The trade was a 61.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the sale, the insider 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,902,800 shares of company stock worth $310,941,153 over the last quarter. Company insiders own 12.78% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CPNG shares. Wall Street Zen lowered Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Nomura Securities upgraded Coupang to a "strong-buy" rating in a research note on Wednesday, August 6th. Morgan Stanley raised their price target on Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective on the stock. in a report on Wednesday, August 6th. Finally, Nomura upgraded shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price for the company in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.14.

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.

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