Whitebark Investors LP Makes New Investment in Coupang, Inc. (NYSE:CPNG)

Whitebark Investors LP acquired a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 320,344 shares of the company's stock, valued at approximately $7,041,000. Coupang comprises about 3.3% of Whitebark Investors LP's portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vident Advisory LLC raised its stake in shares of Coupang by 15.4% during the fourth quarter. Vident Advisory LLC now owns 33,842 shares of the company's stock valued at $744,000 after acquiring an additional 4,514 shares during the last quarter. Sphera Management Technology Funds Ltd bought a new position in shares of Coupang during the fourth quarter valued at approximately $769,000. Tremblant Capital Group increased its stake in shares of Coupang by 44.8% during the fourth quarter. Tremblant Capital Group now owns 1,076,311 shares of the company's stock valued at $23,657,000 after purchasing an additional 333,024 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Coupang by 111.3% during the fourth quarter. Two Sigma Advisers LP now owns 3,318,500 shares of the company's stock valued at $72,941,000 after purchasing an additional 1,748,200 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Coupang by 599.8% during the fourth quarter. Two Sigma Investments LP now owns 901,206 shares of the company's stock valued at $19,809,000 after purchasing an additional 772,417 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $25.75, for a total value of $772,500,000.00. Following the sale, the insider now owns 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. This trade represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Greenoaks Capital Partners Llc bought 650,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average price of $26.86 per share, for a total transaction of $17,459,000.00. Following the acquisition, the director now directly owns 55,131,161 shares of the company's stock, valued at $1,480,822,984.46. The trade was a 1.19% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 30,334,697 shares of company stock worth $780,547,061 over the last 90 days. 13.60% of the stock is currently owned by insiders.

Coupang Stock Up 0.7%

Shares of NYSE:CPNG traded up $0.19 during trading on Friday, reaching $27.47. 8,709,151 shares of the stock traded hands, compared to its average volume of 7,930,622. The stock has a 50-day moving average of $23.47 and a two-hundred day moving average of $23.51. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $27.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The stock has a market cap of $49.87 billion, a P/E ratio of 48.19, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $8.02 billion. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, sell-side analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CPNG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research note on Wednesday, February 26th. Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Coupang has a consensus rating of "Moderate Buy" and an average price target of $29.64.

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.