R Squared Ltd Grows Stake in Coupang, Inc. (NYSE:CPNG)

Key Points

• R Squared Ltd significantly increased its stake in Coupang, Inc. by 3,185.2% during the 1st quarter, bringing its total holdings to 17,740 shares valued at $389,000.
• Analysts have mixed views on Coupang's stock, with Barclays raising its price target to $36, while Wall Street Zen downgraded it from a "buy" to a "hold," contributing to an average rating of "Moderate Buy."
• Insider trading activity included significant sales by CFO Gaurav Anand and major shareholder Svf Investments, with Anand selling 175,000 shares and Svf selling 10 million shares, indicating potential shifts in confidence.

R Squared Ltd boosted its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 3,185.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,740 shares of the company's stock after purchasing an additional 17,200 shares during the quarter. R Squared Ltd's holdings in Coupang were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock valued at $1,663,594,000 after purchasing an additional 17,123,637 shares in the last quarter. FMR LLC increased its position in Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after buying an additional 2,465,973 shares in the last quarter. Durable Capital Partners LP raised its stake in Coupang by 13.6% during the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock valued at $629,426,000 after purchasing an additional 3,420,133 shares during the period. Dragoneer Investment Group LLC raised its stake in Coupang by 9.0% during the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock valued at $451,497,000 after purchasing an additional 1,690,826 shares during the period. Finally, Dodge & Cox raised its stake in Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock valued at $444,640,000 after purchasing an additional 123,900 shares during the period. Institutional investors own 83.72% of the company's stock.

Insider Activity

In related news, VP Pranam Kolari sold 11,653 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $29.14, for a total transaction of $339,568.42. Following the completion of the sale, the vice president directly owned 158,676 shares of the company's stock, valued at approximately $4,623,818.64. This trade represents a 6.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 309,542,259 shares of the company's stock, valued at $8,744,568,816.75. This represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,462,003 shares of company stock worth $1,067,897,453 in the last three months. Corporate insiders own 12.78% of the company's stock.

Coupang Price Performance

Coupang stock traded up $0.87 during midday trading on Monday, reaching $29.61. 9,949,115 shares of the stock traded hands, compared to its average volume of 9,453,162. The stock's fifty day moving average is $29.39 and its 200-day moving average is $25.56. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $31.65. The stock has a market cap of $53.76 billion, a P/E ratio of 211.50 and a beta of 1.16. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company 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 firm's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities research analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.