LTS One Management LP Buys 40,000 Shares of Coupang, Inc. $CPNG

Key Points

• LTS One Management LP increased its stake in Coupang, Inc. by 4.6%, holding approximately $19.96 million in shares after acquiring an additional 40,000 shares during the first quarter.
• Major shareholder Svf Investments (Uk) Ltd sold 10 million shares for a total of $282.5 million, reducing their ownership by 3.13%, while insiders have sold a total of over $284 million in shares over the past 90 days.
• Despite a 16.4% increase in year-over-year revenue, Coupang reported an EPS of $0.02 for the last quarter, missing analysts' expectations of $0.07.

LTS One Management LP raised its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 910,000 shares of the company's stock after acquiring an additional 40,000 shares during the quarter. Coupang makes up approximately 6.0% of LTS One Management LP's portfolio, making the stock its 9th biggest position. LTS One Management LP owned 0.05% of Coupang worth $19,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of Coupang during the first quarter worth about $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Coupang in the first quarter valued at approximately $30,000. Grove Bank & Trust acquired a new stake in shares of Coupang in the first quarter valued at approximately $33,000. Brooklyn Investment Group boosted its holdings in shares of 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 acquiring an additional 506 shares during the period. Finally, Itau Unibanco Holding S.A. boosted its holdings in shares of Coupang by 520.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after acquiring an additional 1,640 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Price Performance

NYSE:CPNG traded down $0.04 during trading hours on Monday, hitting $28.59. The company's stock had a trading volume of 7,987,153 shares, compared to its average volume of 10,374,748. The business's 50-day moving average is $29.49 and its two-hundred day moving average is $26.30. The company has a market capitalization of $52.11 billion, a PE ratio of 142.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. Coupang, Inc. has a 52-week low of $19.02 and a 52-week high of $31.65.

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). The business 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 revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, research analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Nomura Securities raised Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Morgan Stanley increased their price objective on Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Wall Street Zen cut Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Nomura upgraded Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price target for the company in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft cut Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target for the company. in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Coupang presently has an average rating of "Moderate Buy" and a consensus price target of $31.13.

Insider Activity

In other news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.25, for a total value of $282,500,000.00. Following the completion of the transaction, the insider owned 309,542,259 shares in the company, valued at $8,744,568,816.75. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Pranam Kolari sold 11,653 shares of the firm's 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 transaction, the vice president owned 158,676 shares of the company's stock, valued at approximately $4,623,818.64. This represents a 6.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,087,003 shares of company stock worth $284,933,545 over the last 90 days. 12.78% of the stock is currently owned by corporate 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.