Nykredit A S Acquires Shares of 73,104 Coupang, Inc. $CPNG

Key Points

• Nykredit A/S acquired 73,104 Coupang shares during the second quarter, valued at approximately $1.27 million. Institutional investors collectively own 83.72% of the company.
• Analyst sentiment is mixed, with six Buy, four Hold and two Sell ratings; the consensus rating is Hold with an average price target of $25.39.
• Coupang shares opened at $15.26, near their 52-week low of $14.92. The company beat quarterly EPS expectations but reported revenue slightly below estimates, while revenue increased 3.9% year over year.

Nykredit A S acquired a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 73,104 shares of the company's stock, valued at approximately $1,270,000.

Several other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Coupang by 72.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,316 shares of the company's stock worth $99,000 after purchasing an additional 1,395 shares during the last quarter. Baird Financial Group Inc. increased its stake in Coupang by 52.8% in the 2nd quarter. Baird Financial Group Inc. now owns 23,471 shares of the company's stock valued at $703,000 after buying an additional 8,107 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Coupang by 48.1% during the 2nd quarter. Cerity Partners LLC now owns 45,252 shares of the company's stock worth $1,356,000 after buying an additional 14,703 shares in the last quarter. State Street Corp lifted its position in shares of Coupang by 8.4% during the 2nd quarter. State Street Corp now owns 15,641,775 shares of the company's stock worth $468,628,000 after buying an additional 1,210,801 shares in the last quarter. Finally, AXA S.A. purchased a new position in shares of Coupang in the 2nd quarter worth approximately $411,000. Institutional investors own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPNG. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and reduced their target price for the company from $23.00 to $21.50 in a report on Wednesday, August 5th. CLSA started coverage on Coupang in a research report on Monday, June 15th. They issued an "outperform" rating and a $24.00 price objective on the stock. Mizuho set a $22.00 price objective on Coupang in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Coupang in a research report on Tuesday, August 4th. Finally, Barclays reiterated an "overweight" rating and set a $29.00 target price on shares of Coupang in a research note on Tuesday, July 7th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $25.39.

Coupang Trading Down 0.2%

Shares of Coupang stock opened at $15.26 on Tuesday. The stock has a market capitalization of $27.43 billion, a P/E ratio of -35.49 and a beta of 1.15. Coupang, Inc. has a 52-week low of $14.92 and a 52-week high of $34.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 0.87. The stock's 50-day simple moving average is $16.65 and its 200 day simple moving average is $17.71.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.18. The firm had revenue of $8.86 billion during the quarter, compared to analyst estimates of $8.92 billion. Coupang had a negative net margin of 2.16% and a negative return on equity of 8.77%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. As a group, research analysts anticipate that Coupang, Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling

In related news, insider Harold Rogers sold 192,110 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $16.18, for a total value of $3,108,339.80. Following the completion of the transaction, the insider directly owned 740,931 shares of the company's stock, valued at approximately $11,988,263.58. This trade represents a 20.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jonathan D. Lee sold 5,519 shares of Coupang stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $16.10, for a total transaction of $88,855.90. Following the completion of the transaction, the chief accounting officer owned 181,915 shares of the company's stock, valued at $2,928,831.50. This represents a 2.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.83% of the company's stock.

Coupang Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea's leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.

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