Coupang, Inc. $CPNG Position Trimmed by Untitled Investments LP

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

A number of other institutional investors also recently bought and sold shares of the company. Petrus Trust Company LTA bought a new position in Coupang in the first quarter valued at about $240,000. Duquesne Family Office LLC lifted its holdings in Coupang by 4.5% in the first 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 period. Bwcp LP lifted its holdings in Coupang by 46.4% in the first quarter. Bwcp LP now owns 1,130,999 shares of the company's stock valued at $24,803,000 after acquiring an additional 358,378 shares during the period. Bain Capital Public Equity Management II LLC lifted its holdings in Coupang by 39.4% in the first quarter. Bain Capital Public Equity Management II LLC now owns 1,467,232 shares of the company's stock valued at $32,176,000 after acquiring an additional 414,901 shares during the period. Finally, Bain Capital Public Equity LP lifted its holdings in Coupang by 87.4% in the first quarter. Bain Capital Public Equity LP now owns 237,961 shares of the company's stock valued at $5,218,000 after acquiring an additional 111,010 shares during the period. Institutional investors own 83.72% of the company's stock.

Insider Activity

In other news, Director Benjamin Sun sold 815,797 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $31.88, for a total transaction of $26,007,608.36. Following the completion of the sale, the director directly owned 503,624 shares of the company's stock, valued at approximately $16,055,533.12. The trade was a 61.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gaurav Anand sold 75,350 shares of Coupang stock in a transaction on Monday, August 11th. The shares were 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 approximately $56,050,762.60. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 902,800 shares of company stock valued at $28,441,153. 12.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CPNG shares. Deutsche Bank Aktiengesellschaft downgraded Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective on the stock. in a research note on Wednesday, August 6th. Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Nomura Securities upgraded Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Morgan Stanley upped their price objective on Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Finally, Nomura upgraded 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 issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.14.

Coupang Trading Up 0.5%

NYSE CPNG traded up $0.17 on Friday, hitting $32.62. 5,285,622 shares of the stock were exchanged, compared to its average volume of 9,770,841. 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 fifty day moving average price of $29.58 and a two-hundred day moving average price of $26.59. The firm has a market capitalization of $59.46 billion, a P/E ratio of 163.03 and a beta of 1.15. Coupang, Inc. has a 52-week low of $19.02 and a 52-week high of $32.89.

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