Rahlfs Capital LLC Takes $556,000 Position in Coupang, Inc. $CPNG

Key Points

• Rahlfs Capital LLC acquired a new stake in Coupang, with 25,350 shares valued at approximately $556,000 during the first quarter.
• Various institutional investors, including Douglass Winthrop Advisors and AlphaQuest LLC, also increased their holdings in Coupang significantly in the same period.
• Coupang's stock experienced a 52-week range of $19.02 to $31.65, with a current price of $28.747, while the company reported revenue growth of 16.4% year-over-year.

Rahlfs Capital LLC purchased a new position in Coupang, Inc. (NYSE:CPNG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 25,350 shares of the company's stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPNG. Guggenheim Capital LLC purchased a new position in Coupang in the 4th quarter worth approximately $439,000. First Trust Advisors LP boosted its holdings in Coupang by 51.8% in the 4th quarter. First Trust Advisors LP now owns 1,759,451 shares of the company's stock worth $38,673,000 after acquiring an additional 600,353 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Coupang by 97.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,249,233 shares of the company's stock worth $49,440,000 after acquiring an additional 1,107,659 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Coupang by 298.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,018 shares of the company's stock valued at $330,000 after purchasing an additional 11,253 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised 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 in the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft lowered Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price on the stock. in a research report on Wednesday, August 6th. Nomura raised Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price on the stock in a research report on Wednesday, August 6th. Wall Street Zen lowered Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Nomura Securities raised Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Coupang has a consensus rating of "Moderate Buy" and an average price target of $31.13.

Coupang Stock Performance

Shares of CPNG stock traded down $0.22 on Monday, hitting $28.53. 5,752,777 shares of the stock traded hands, compared to its average volume of 11,338,745. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84. The company has a market capitalization of $52.01 billion, a PE ratio of 142.66 and a beta of 1.16. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $31.65. The company's fifty day moving average is $29.48 and its 200 day moving average is $26.17.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The firm had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.34 billion. During the same period in the prior year, the company posted $0.07 earnings per share. The business's revenue was up 16.4% on a year-over-year basis. On average, equities research analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Coupang news, CFO Gaurav Anand sold 75,350 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.79, for a total value of $2,093,976.50. Following the sale, the chief financial officer directly owned 2,016,940 shares of the company's stock, valued at $56,050,762.60. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Pranam Kolari sold 11,653 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $29.14, for a total value of $339,568.42. Following the completion of the sale, the vice president directly owned 158,676 shares in the company, valued at $4,623,818.64. This represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,462,003 shares of company stock valued at $295,524,795 over the last three months. Corporate insiders own 12.78% of the company's stock.

About Coupang

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.