V Square Quantitative Management LLC Acquires 14,253 Shares of Coupang, Inc. $CPNG

Key Points

• V Square Quantitative Management LLC increased its holdings in Coupang, Inc. by 163.4% during the second quarter, acquiring an additional 14,253 shares, bringing its total to 22,977 shares valued at $688,000.
• Coupang's quarterly earnings report revealed a net margin of 1.13% with revenue of $8.52 billion, exceeding analysts' expectations of $8.34 billion.
• Major institutional investors have increased their stakes in Coupang, with approximately 83.72% of the stock now owned by institutional investors.

V Square Quantitative Management LLC boosted its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 163.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,977 shares of the company's stock after buying an additional 14,253 shares during the period. V Square Quantitative Management LLC's holdings in Coupang were worth $688,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Davidson Kahn Capital Management LLC grew its stake in shares of Coupang by 31.6% in the first quarter. Davidson Kahn Capital Management LLC now owns 103,567 shares of the company's stock worth $2,271,000 after acquiring an additional 24,877 shares during the last quarter. Altimeter Capital Management LP boosted its holdings in Coupang by 24.3% in the 1st quarter. Altimeter Capital Management LP now owns 7,441,445 shares of the company's stock valued at $163,191,000 after purchasing an additional 1,455,555 shares during the period. Allspring Global Investments Holdings LLC grew its position in Coupang by 40.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 305,512 shares of the company's stock worth $6,776,000 after purchasing an additional 87,412 shares during the last quarter. Vontobel Holding Ltd. bought a new position in shares of Coupang during the 1st quarter worth about $241,000. Finally, Bain Capital Public Equity Management II LLC raised its position in shares of Coupang by 39.4% during 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 buying an additional 414,901 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Trading Up 2.0%

Shares of CPNG opened at $32.84 on Tuesday. 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 stock has a market cap of $59.87 billion, a PE ratio of 164.22 and a beta of 1.15. Coupang, Inc. has a 1 year low of $19.02 and a 1 year high of $34.08. The stock has a 50 day simple moving average of $30.07 and a 200-day simple moving average of $27.44.

Coupang (NYSE:CPNG - Get Free Report) last announced 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 net margin of 1.13% and a return on equity of 7.47%. The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.34 billion. During the same quarter last year, the company earned $0.07 earnings per share. The business's revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts predict that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CPNG. Arete Research initiated coverage on shares of Coupang in a research note on Thursday, September 18th. They issued a "buy" rating and a $40.00 target price for the company. Nomura upgraded Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price objective for the company in a research report on Wednesday, August 6th. Arete started coverage on Coupang in a research report on Thursday, September 18th. They set a "buy" rating and a $40.00 price objective on the stock. Nomura Securities upgraded Coupang to a "strong-buy" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.11.

Insider Buying and Selling at Coupang

In related news, Director Pedro Franceschi sold 21,428 shares of Coupang stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $32.05, for a total transaction of $686,767.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gaurav Anand sold 75,350 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the sale, the chief financial officer directly owned 2,016,940 shares in the company, valued at $56,050,762.60. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 988,983 shares of company stock worth $31,203,966 over the last ninety days. Company insiders own 12.78% of the company's stock.

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.

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