XTX Topco Ltd Has $2.20 Million Position in Coupang, Inc. (NYSE:CPNG)

Key Points

• XTX Topco Ltd significantly increased its position in Coupang, Inc. by 166.2%, acquiring an additional 62,720 shares in the 1st quarter, bringing its total holdings to 100,461 shares valued at $2,203,000.
• Despite a missed earnings estimate of $0.06 per share for the recent quarter and revenue of $7.91 billion, Coupang's revenue still grew by 11.2% year-over-year.
• Coupang's stock performance remains volatile with a 1-year range of $18.16 to $31.65 and an average price target of $30.08 from analysts, indicating a consensus rating of "Moderate Buy".

XTX Topco Ltd raised its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 166.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 100,461 shares of the company's stock after purchasing an additional 62,720 shares during the quarter. XTX Topco Ltd's holdings in Coupang were worth $2,203,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CPNG. Price T Rowe Associates Inc. MD increased its holdings in shares of Coupang by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Coupang by 436.6% in the first 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 period. Durable Capital Partners LP increased its stake in Coupang by 13.6% in the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock valued at $629,426,000 after acquiring an additional 3,420,133 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Coupang by 106.5% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,778,763 shares of the company's stock valued at $127,017,000 after acquiring an additional 2,979,981 shares during the period. Finally, FMR LLC increased its stake in Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock valued at $651,038,000 after acquiring an additional 2,465,973 shares during the period. Institutional investors own 83.72% of the company's stock.

Insider Activity at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the company'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 transaction of $772,500,000.00. Following the transaction, the insider directly owned 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin Sun sold 200,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the transaction, the director owned 1,319,421 shares in the company, valued at $37,418,779.56. The trade was a 13.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,450,350 shares of company stock valued at $1,067,557,885 over the last ninety days. Company insiders own 12.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Barclays upped 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Coupang has a consensus rating of "Moderate Buy" and a consensus price target of $30.08.

Coupang Price Performance

Coupang stock traded down $0.68 during trading hours on Friday, hitting $28.75. 9,679,812 shares of the stock were exchanged, compared to its average volume of 8,969,002. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.16. The stock has a market capitalization of $52.20 billion, a P/E ratio of 205.36 and a beta of 1.16. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $31.65. The business's 50-day moving average is $29.39 and its two-hundred day moving average is $25.51.

Coupang (NYSE:CPNG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

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.