GSA Capital Partners LLP Buys 26,769 Shares of Coupang, Inc. (NYSE:CPNG)

Key Points

• GSA Capital Partners LLP increased its holdings in Coupang, Inc. by 47.6% during the first quarter, acquiring a total of 83,003 shares now valued at approximately $1.82 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Coupang, with a price target range that includes an increase from $35.00 to $36.00 by Barclays, despite some analysts downgrading the stock.
• Insider transactions showed significant selling activity, with major shareholder Svf Investments offloading 30 million shares worth around $772.5 million, reducing their stake by 8.58%.

GSA Capital Partners LLP increased its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 47.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 83,003 shares of the company's stock after purchasing an additional 26,769 shares during the period. GSA Capital Partners LLP's holdings in Coupang were worth $1,820,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CPNG. Bank Julius Baer & Co. Ltd Zurich bought a new position in Coupang in the 1st quarter valued at $30,000. Grove Bank & Trust bought a new position in Coupang in the 1st quarter valued at $33,000. Itau Unibanco Holding S.A. boosted its holdings in Coupang by 520.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after purchasing an additional 1,640 shares during the period. TD Waterhouse Canada Inc. grew its stake in Coupang by 142.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after buying an additional 1,429 shares in the last quarter. Finally, BOCHK Asset Management Ltd purchased a new position in Coupang in the 1st quarter worth approximately $70,000. 83.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CPNG shares. Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. Barclays increased their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.08.

Coupang Stock Down 2.3%

Shares of CPNG stock traded down $0.68 during midday trading on Friday, reaching $28.75. 6,798,302 shares of the stock were exchanged, compared to its average volume of 9,287,844. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $31.65. The company's 50 day moving average is $29.36 and its two-hundred day moving average is $25.46. The firm has a market cap of $52.19 billion, a PE ratio of 205.40 and a beta of 1.16. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. The firm's revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts predict that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Activity at Coupang

In other Coupang news, CFO Gaurav Anand sold 175,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $28.11, for a total value of $4,919,250.00. Following the transaction, the chief financial officer directly owned 2,092,290 shares of the company's stock, valued at approximately $58,814,271.90. This trade represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 750,000 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was purchased at an average cost of $26.78 per share, for a total transaction of $20,085,000.00. Following the completion of the transaction, the director directly owned 54,481,161 shares of the company's stock, valued at approximately $1,459,005,491.58. The trade was a 1.40% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 40,450,350 shares of company stock worth $1,067,557,885 over the last quarter. 12.78% of the stock is currently owned by insiders.

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.