Whitebark Investors LP Invests $7.04 Million in Coupang, Inc. (NYSE:CPNG)

Whitebark Investors LP acquired a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 investment portfolio, making the stock its 7th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vident Advisory LLC raised its position 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 buying an additional 4,514 shares during the last quarter. Sphera Management Technology Funds Ltd bought a new position in Coupang during the fourth quarter valued at about $769,000. Tremblant Capital Group raised its holdings in Coupang by 44.8% in the 4th quarter. Tremblant Capital Group now owns 1,076,311 shares of the company's stock valued at $23,657,000 after acquiring an additional 333,024 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Coupang by 111.3% in the 4th quarter. Two Sigma Advisers LP now owns 3,318,500 shares of the company's stock valued at $72,941,000 after acquiring an additional 1,748,200 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Coupang by 599.8% in the 4th quarter. Two Sigma Investments LP now owns 901,206 shares of the company's stock worth $19,809,000 after acquiring an additional 772,417 shares during the period. Institutional investors own 83.72% of the company's stock.

Insider Transactions at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $25.75, for a total value of $772,500,000.00. Following the completion of the sale, the insider now directly 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 filing with the SEC, which is available through this link. Also, VP Pranam Kolari sold 9,347 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the transaction, the vice president now owns 177,106 shares in the company, valued at approximately $4,223,978.10. This trade represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,334,697 shares of company stock valued at $780,547,061. Corporate insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CPNG shares. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research note on Wednesday, February 26th. Finally, Barclays raised their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.64.

Coupang Stock Performance

Shares of NYSE:CPNG opened at $27.14 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The business's fifty day moving average price is $23.11 and its two-hundred day moving average price is $23.44. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $27.73. The stock has a market capitalization of $49.28 billion, a price-to-earnings ratio of 47.61, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. As a group, analysts predict 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.

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