UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $28.12 Million Position in Coupang, Inc. $CPNG

Key Points

• UBS Asset Management reduced its stake in Coupang, Inc. by 1.4%, leaving it with 1,282,191 shares valued at approximately $28.12 million.
• Institutional ownership of Coupang has increased significantly, with major firms like Dodge & Cox and Massachusetts Financial Services boosting their stakes by over 100% and 436%, respectively.
• Recent analyses have shown mixed ratings for Coupang, with Nomura upgrading it to a "buy" with a target price of $35.00, while Deutsche Bank downgraded it to a "hold" with a target price of $27.00.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,282,191 shares of the company's stock after selling 18,320 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.07% of Coupang worth $28,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dodge & Cox lifted its stake in shares of Coupang by 101.6% in the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock valued at $894,413,000 after purchasing an additional 20,555,600 shares during the period. Duquesne Family Office LLC lifted its stake in shares of Coupang by 4.5% in the 1st quarter. Duquesne Family Office LLC now owns 9,302,634 shares of the company's stock valued at $204,007,000 after purchasing an additional 399,985 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Coupang by 436.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company's stock valued at $190,497,000 after purchasing an additional 7,067,830 shares during the period. GQG Partners LLC acquired a new position in shares of Coupang in the 1st quarter valued at about $168,127,000. Finally, Coronation Fund Managers Ltd. lifted its stake in shares of Coupang by 2.4% in the 1st quarter. Coronation Fund Managers Ltd. now owns 7,559,777 shares of the company's stock valued at $165,786,000 after purchasing an additional 176,166 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on CPNG shares. Nomura raised Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price for the company in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft lowered Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price for the company. in a research report on Wednesday, August 6th. Morgan Stanley boosted 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. 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, five have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Coupang has an average rating of "Moderate Buy" and an average target price of $31.14.

Coupang Stock Performance

Shares of CPNG opened at $33.51 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. The stock has a 50 day moving average price of $29.69 and a two-hundred day moving average price of $26.75. The firm has a market capitalization of $61.09 billion, a P/E ratio of 167.56 and a beta of 1.15. Coupang, Inc. has a 52 week low of $19.02 and a 52 week high of $33.56.

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

Insider Buying and Selling

In other news, CFO Gaurav Anand sold 75,350 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 2,016,940 shares of the company's stock, valued at $56,050,762.60. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Harold Rogers sold 64,755 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $32.06, for a total value of $2,076,045.30. Following the completion of the transaction, the insider directly owned 449,569 shares of the company's stock, valued at approximately $14,413,182.14. This represents a 12.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 988,983 shares of company stock valued at $31,203,966 over the last quarter. Corporate insiders own 12.78% of the company's stock.

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.

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