Oak Thistle LLC Acquires 63,757 Shares of Coupang, Inc. (NYSE:CPNG)

Oak Thistle LLC boosted its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 84.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,860 shares of the company's stock after purchasing an additional 63,757 shares during the quarter. Oak Thistle LLC's holdings in Coupang were worth $3,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich bought a new position in Coupang during the first quarter worth about $30,000. Grove Bank & Trust bought a new position in Coupang during the first quarter worth about $33,000. Itau Unibanco Holding S.A. boosted its holdings in Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock worth $43,000 after buying an additional 1,640 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Coupang by 142.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after purchasing an additional 1,429 shares during the period. Finally, Signaturefd LLC grew its position in shares of Coupang by 34.7% in the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after purchasing an additional 822 shares during the period. Institutional investors own 83.72% of the company's stock.

Insider Activity at Coupang

In related news, Director Greenoaks Capital Partners Llc acquired 650,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were bought at an average price of $26.86 per share, for a total transaction of $17,459,000.00. Following the purchase, the director directly owned 55,131,161 shares in the company, valued at approximately $1,480,822,984.46. This trade represents a 1.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Pranam Kolari sold 9,347 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the sale, the vice president owned 177,106 shares in the company, valued at approximately $4,223,978.10. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,459,697 shares of company stock worth $1,067,780,811. Insiders own 12.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Barclays boosted their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $30.08.

Coupang Stock Up 0.4%

NYSE CPNG traded up $0.12 during trading on Friday, hitting $30.26. The stock had a trading volume of 6,157,796 shares, compared to its average volume of 10,116,959. The company has a market capitalization of $54.93 billion, a PE ratio of 216.11 and a beta of 1.16. The company's 50-day moving average price is $29.17 and its two-hundred day moving average price is $25.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.16. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $31.65.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 0.82% and a return on equity of 10.07%. The business's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, sell-side analysts forecast that Coupang, Inc. will post 0.17 EPS for the current year.

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.