Landscape Capital Management L.L.C. Boosts Stake in Coupang, Inc. $CPNG

Key Points

• Landscape Capital Management L.L.C. increased its stake in Coupang, Inc. by 67.6%, resulting in ownership of 58,239 shares worth approximately $1.28 million.
• Several hedge funds have significantly increased their investments in Coupang, with Dodge & Cox raising its holdings by 101.6% to almost $894 million during the first quarter.
• Coupang recently reported earnings of $0.02 per share, missing estimates, despite generating $8.52 billion in revenue for the quarter, a 16.4% year-over-year increase.

Landscape Capital Management L.L.C. lifted its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 67.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,239 shares of the company's stock after buying an additional 23,490 shares during the period. Landscape Capital Management L.L.C.'s holdings in Coupang were worth $1,277,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Thoroughbred Financial Services LLC boosted its stake in shares of Coupang by 1.4% during the first quarter. Thoroughbred Financial Services LLC now owns 29,486 shares of the company's stock worth $646,000 after buying an additional 408 shares during the period. California State Teachers Retirement System lifted its position in Coupang by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock valued at $1,879,000 after purchasing an additional 445 shares during the period. Resonant Capital Advisors LLC lifted its position in Coupang by 4.2% in the first quarter. Resonant Capital Advisors LLC now owns 11,768 shares of the company's stock valued at $258,000 after purchasing an additional 476 shares during the period. Brooklyn Investment Group lifted its position in Coupang by 43.1% in the first 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 period. Finally, Samalin Investment Counsel LLC lifted its position in Coupang by 2.5% in the first quarter. Samalin Investment Counsel LLC now owns 21,130 shares of the company's stock valued at $463,000 after purchasing an additional 520 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Trading Down 0.6%

Shares of CPNG traded down $0.18 during mid-day trading on Tuesday, hitting $28.40. The company had a trading volume of 7,367,691 shares, compared to its average volume of 9,427,380. The stock has a market cap of $51.77 billion, a PE ratio of 142.01 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. The business's 50-day simple moving average is $29.49 and its 200-day simple moving average is $26.32. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $31.65.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $8.52 billion during the quarter, compared to analysts' expectations of $8.34 billion. Coupang had a return on equity of 7.47% and a net margin of 1.13%.The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. Sell-side analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CPNG. Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Barclays raised their price objective on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Coupang has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

Insider Buying and Selling

In related news, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction on Monday, August 4th. The shares were sold at an average price of $29.14, for a total transaction of $339,568.42. Following the transaction, the vice president owned 158,676 shares in the company, valued at approximately $4,623,818.64. The trade was a 6.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gaurav Anand sold 75,350 shares of Coupang stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the transaction, the chief financial officer owned 2,016,940 shares in the company, valued at $56,050,762.60. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,087,003 shares of company stock valued at $284,933,545. 12.78% of the stock is currently owned by company insiders.

Coupang 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.