Kontiki Capital Management HK Ltd. Grows Position in Coupang, Inc. (NYSE:CPNG)

Key Points

• Kontiki Capital Management HK Ltd. increased its stake in Coupang, Inc. by 3.4% during Q1, holding approximately 7.2 million shares, making it the firm's 4th largest position.
• Analyst ratings for Coupang have varied, with Nomura upgrading it to "buy" and Barclays raising its price target to $36.00, while Deutsche Bank downgraded it to a "hold" rating.
• Coupang's recent earnings report showed a net revenue of $8.52 billion but missed EPS estimates, leading to a mixed reaction from analysts regarding its future performance.

Kontiki Capital Management HK Ltd. grew its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,210,768 shares of the company's stock after acquiring an additional 237,300 shares during the quarter. Coupang comprises approximately 11.4% of Kontiki Capital Management HK Ltd.'s portfolio, making the stock its 4th biggest position. Kontiki Capital Management HK Ltd. owned approximately 0.40% of Coupang worth $158,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Coupang by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Coupang by 436.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company's stock valued at $190,497,000 after buying an additional 7,067,830 shares during the last quarter. Durable Capital Partners LP increased its holdings in Coupang by 13.6% in the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after buying an additional 3,420,133 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Coupang by 106.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 5,778,763 shares of the company's stock worth $127,017,000 after buying an additional 2,979,981 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Coupang by 204.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,352,002 shares of the company's stock worth $73,509,000 after buying an additional 2,251,819 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Trading Down 1.0%

NYSE:CPNG opened at $27.80 on Friday. Coupang, Inc. has a one year low of $19.02 and a one year high of $31.65. The business has a fifty day moving average price of $29.46 and a 200-day moving average price of $25.70. The firm has a market capitalization of $50.48 billion, a price-to-earnings ratio of 139.02 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 0.90.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 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 company had revenue of $8.52 billion during the quarter, compared to analysts' expectations of $8.34 billion. During the same quarter in the previous 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 year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CPNG shares. Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price target on the stock in a report on Wednesday. Barclays increased their price target on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft lowered Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective for the company. in a report on Wednesday. Nomura Securities upgraded Coupang to a "strong-buy" rating in a research report on Wednesday. Finally, Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and a consensus target price of $30.57.

Insider Activity at Coupang

In other news, VP Pranam Kolari sold 11,653 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $29.14, for a total value 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 represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction on Wednesday, May 28th. The shares were 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 in the company, 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. Insiders sold a total of 10,462,003 shares of company stock worth $295,397,453 in 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.

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