Nkcfo LLC Takes $614,000 Position in Coupang, Inc. (NYSE:CPNG)

Key Points

• Nkcfo LLC has acquired a new stake in Coupang, Inc. with the purchase of 28,000 shares valued at approximately $614,000.
• Insider trading activity includes major shareholder Svf Investments (UK) Ltd selling 10 million shares for around $282.5 million, while Coupang's net margin stands at 0.82%.
• Analysts rate Coupang with a consensus of "Moderate Buy" and a target price of $30.08, with recent ratings changes from Wall Street firms highlighting varying perspectives on the stock's performance.

Nkcfo LLC acquired a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 28,000 shares of the company's stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CPNG. TCW Group Inc. grew its position in shares of Coupang by 13.2% in the 1st quarter. TCW Group Inc. now owns 19,038 shares of the company's stock worth $418,000 after acquiring an additional 2,221 shares in the last quarter. LPL Financial LLC grew its position in shares of Coupang by 27.7% in the 1st quarter. LPL Financial LLC now owns 106,026 shares of the company's stock worth $2,325,000 after acquiring an additional 22,972 shares in the last quarter. MRP Capital Investments LLC grew its position in shares of Coupang by 2.6% in the 1st quarter. MRP Capital Investments LLC now owns 45,975 shares of the company's stock worth $1,008,000 after acquiring an additional 1,150 shares in the last quarter. Allen Investment Management LLC grew its position in shares of Coupang by 16.0% in the 1st quarter. Allen Investment Management LLC now owns 1,043,757 shares of the company's stock worth $22,890,000 after acquiring an additional 144,024 shares in the last quarter. Finally, Stevens Capital Management LP grew its position in shares of Coupang by 12.6% in the 1st quarter. Stevens Capital Management LP now owns 13,677 shares of the company's stock worth $300,000 after acquiring an additional 1,529 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Stock Performance

NYSE:CPNG traded down $0.17 during midday trading on Monday, reaching $30.08. 7,512,237 shares of the company traded hands, compared to its average volume of 8,637,857. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $31.65. The firm has a market capitalization of $54.61 billion, a price-to-earnings ratio of 214.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 0.90. The company has a fifty day moving average price of $29.23 and a 200 day moving average price of $25.35.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. The company's revenue was up 11.2% on a year-over-year basis. On average, analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on CPNG shares. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Barclays lifted their target price on Coupang from $35.00 to $36.00 and gave the stock 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.08.

Insider Activity at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 750,000 shares of Coupang stock in a transaction on Wednesday, May 14th. The stock was bought at an average price of $26.78 per share, for a total transaction of $20,085,000.00. Following the transaction, the director owned 54,481,161 shares of the company's stock, valued at $1,459,005,491.58. The trade was a 1.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $25.75, for a total value of $772,500,000.00. Following the transaction, the insider owned 319,542,259 shares of the company's stock, valued at $8,228,213,169.25. This trade represents a 8.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,459,697 shares of company stock worth $1,067,780,811 in the last ninety days. 12.78% of the stock is currently owned by corporate insiders.

Coupang Company 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.