Untitled Investments LP Has $31.77 Million Position in Coupang, Inc. $CPNG

Key Points

• Untitled Investments LP has reduced its stake in Coupang, Inc. by 16.8%, now holding approximately 1.45 million shares valued at $31.77 million, making it the fund's 5th largest position.
• Analysts have varying opinions on Coupang's stock, with price targets ranging from $27.00 to $35.00, and a current average rating of "Moderate Buy."
• Coupang reported a Q2 revenue increase of 16.4% year-over-year, totaling $8.52 billion, although it missed earnings per share estimates by $0.05.

Untitled Investments LP trimmed its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 16.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,448,682 shares of the company's stock after selling 291,726 shares during the period. Coupang accounts for approximately 9.0% of Untitled Investments LP's investment portfolio, making the stock its 5th biggest position. Untitled Investments LP owned 0.08% of Coupang worth $31,770,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. 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 acquiring an additional 20,555,600 shares during the last quarter. Foxhaven Asset Management LP lifted its stake in shares of Coupang by 7.9% in the 4th quarter. Foxhaven Asset Management LP now owns 11,417,962 shares of the company's stock valued at $250,967,000 after acquiring an additional 833,212 shares during the last quarter. 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 acquiring an additional 399,985 shares during the last quarter. 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 acquiring an additional 7,067,830 shares during the last quarter. Finally, GQG Partners LLC bought a new position in shares of Coupang in the 1st quarter valued at $168,127,000. 83.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CPNG. Morgan Stanley increased their price target on Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a research note 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. Nomura Securities raised Coupang to a "strong-buy" rating 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.14.

Coupang Stock Performance

Shares of Coupang stock opened at $28.90 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $29.41 and a two-hundred day moving average price of $26.40. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $31.65. The company has a market cap of $52.68 billion, a P/E ratio of 144.48 and a beta of 1.15.

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

Insider Activity

In other news, VP Pranam Kolari sold 11,653 shares of the firm's stock in a transaction dated 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 trade represents a 6.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the completion of the sale, the insider owned 309,542,259 shares of the company's stock, valued at approximately $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 a total of 10,087,003 shares of company stock worth $284,933,545 in the last three months. Company 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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