Nykredit A S Makes New $1.27 Million Investment in Coupang, Inc. $CPNG

Key Points

• Nykredit A/S purchased 73,104 Coupang shares worth approximately $1.27 million in the second quarter. Institutional investors collectively own 83.72% of the company.
• Coupang insiders sold shares in August, including Harold Rogers’ sale of 192,110 shares for about $3.11 million; the transactions were conducted under a pre-arranged Rule 10b5-1 plan.
• Coupang’s latest quarterly loss of $0.09 per share beat estimates, while revenue rose 3.9% year over year to $8.86 billion. Analysts have a consensus “Hold” rating and an average price target of $24.06, versus a reported share price of $14.62.

Nykredit A S purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 73,104 shares of the company's stock, valued at approximately $1,270,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Coupang by 19.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,651 shares of the company's stock valued at $86,000 after buying an additional 597 shares during the period. Global Retirement Partners LLC raised its stake in Coupang by 38.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,677 shares of the company's stock valued at $63,000 after acquiring an additional 737 shares during the period. NewEdge Wealth LLC lifted its holdings in Coupang by 5.2% during the first quarter. NewEdge Wealth LLC now owns 16,917 shares of the company's stock valued at $319,000 after purchasing an additional 840 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of Coupang by 68.5% during the 1st quarter. Root Financial Partners LLC now owns 2,265 shares of the company's stock valued at $43,000 after buying an additional 921 shares in the last quarter. Finally, Allen Capital Group LLC boosted its holdings in Coupang by 3.9% in the 4th quarter. Allen Capital Group LLC now owns 26,494 shares of the company's stock worth $625,000 after buying an additional 990 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Coupang news, insider Harold Rogers sold 192,110 shares of Coupang stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the sale, the insider directly owned 740,931 shares of the company's stock, valued at approximately $11,988,263.58. The trade was a 20.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jonathan D. Lee sold 5,519 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $16.10, for a total value of $88,855.90. Following the completion of the sale, the chief accounting officer directly owned 181,915 shares in the company, valued at approximately $2,928,831.50. The trade was 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. 12.83% of the stock is owned by corporate insiders.

Coupang Price Performance

CPNG opened at $14.62 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.87 and a quick ratio of 0.68. Coupang, Inc. has a 1 year low of $14.15 and a 1 year high of $32.96. The stock's 50 day simple moving average is $15.82 and its 200 day simple moving average is $17.40. The firm has a market cap of $26.27 billion, a price-to-earnings ratio of -33.99 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CPNG shares. The Goldman Sachs Group set a $31.00 price target on Coupang in a report on Thursday, July 9th. CLSA assumed coverage on shares of Coupang in a report on Monday, June 15th. They issued an "outperform" rating and a $24.00 price target on the stock. Barclays reaffirmed an "overweight" rating and issued a $29.00 price target on shares of Coupang in a report on Tuesday, July 7th. Weiss Ratings reiterated a "sell (d)" rating on shares of Coupang in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and dropped their price target for the company from $23.00 to $21.50 in a research report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $24.06.

About Coupang

Coupang, Inc NYSE: CPNG is an e-commerce and technology company founded in South Korea in 2010. The company operates an online marketplace offering consumer goods across categories such as electronics, household products, apparel, beauty products and groceries.

Its services include Rocket Delivery, a logistics and fulfillment network designed to provide fast delivery; Rocket Fresh, its grocery delivery service; and Coupang Eats, a food-ordering and delivery platform. Coupang also operates Coupang Play, a subscription-based streaming service, and Coupang Pay, a digital payments service.

Coupang serves customers primarily in South Korea and Taiwan.

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