Hosking Partners LLP Sells 9,289 Shares of Coupang, Inc. (NYSE:CPNG)

Key Points

• Hosking Partners LLP reduced its stake in Coupang, Inc. by 1.0%, owning 916,947 shares valued at approximately $20.11 million as of the latest SEC filing.
• Coupang's market cap is currently $50.58 billion, with a price-to-earnings ratio of 139.31 and a trading range between $19.02 and $31.65 over the past twelve months.
• Despite a miss on earnings estimates in its recent quarterly report, Coupang managed to achieve a revenue increase of 16.4% year-over-year, totaling $8.52 billion.

Hosking Partners LLP decreased its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 916,947 shares of the company's stock after selling 9,289 shares during the quarter. Hosking Partners LLP owned approximately 0.05% of Coupang worth $20,109,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Davidson Kahn Capital Management LLC boosted its holdings in Coupang by 31.6% in the 1st quarter. Davidson Kahn Capital Management LLC now owns 103,567 shares of the company's stock valued at $2,271,000 after purchasing an additional 24,877 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Coupang by 40.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 305,512 shares of the company's stock valued at $6,776,000 after purchasing an additional 87,412 shares during the period. Vontobel Holding Ltd. bought a new stake in Coupang in the 1st quarter valued at $241,000. Deutsche Bank AG boosted its holdings in Coupang by 25.7% in the 4th quarter. Deutsche Bank AG now owns 90,833 shares of the company's stock valued at $1,997,000 after purchasing an additional 18,593 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Coupang in the 4th quarter valued at $1,394,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Price Performance

CPNG traded down $0.14 on Monday, hitting $27.70. 6,933,067 shares of the stock were exchanged, compared to its average volume of 11,306,911. The firm has a market capitalization of $50.28 billion, a price-to-earnings ratio of 138.48 and a beta of 1.16. 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 moving average of $29.44 and a two-hundred day moving average of $25.82.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data 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 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 analyst estimates of $8.34 billion. During the same period in the prior year, the company earned $0.07 EPS. The business's quarterly revenue was up 16.4% compared to the same quarter last year. Sell-side analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity at Coupang

In other news, VP Pranam Kolari sold 11,653 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $29.14, for a total transaction of $339,568.42. Following the completion of the sale, the vice president directly owned 158,676 shares of the company's stock, valued at $4,623,818.64. This trade represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction dated 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 completion of the sale, the director directly owned 1,319,421 shares of the company's stock, valued at approximately $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 10,386,653 shares of company stock worth $293,430,818. Corporate insiders own 12.78% of the company's stock.

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price objective for the company in a report on Wednesday, August 6th. 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 research report on Wednesday, August 6th. Barclays increased their target price 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. Finally, Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coupang currently has a consensus rating of "Moderate Buy" and an average price target of $30.57.

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.