Coupang, Inc. (NYSE:CPNG) Stock Holdings Boosted by Twenty Acre Capital LP

Twenty Acre Capital LP boosted its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 23.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,914 shares of the company's stock after purchasing an additional 96,300 shares during the period. Coupang accounts for approximately 3.7% of Twenty Acre Capital LP's holdings, making the stock its 8th largest holding. Twenty Acre Capital LP's holdings in Coupang were worth $8,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in Coupang by 21.6% in the 4th quarter. Baillie Gifford & Co. now owns 145,524,128 shares of the company's stock valued at $2,356,036,000 after buying an additional 25,843,034 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Coupang by 12.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,970,385 shares of the company's stock worth $970,922,000 after purchasing an additional 6,618,577 shares during the last quarter. BlackRock Inc. boosted its position in shares of Coupang by 205.6% in the 2nd quarter. BlackRock Inc. now owns 33,752,146 shares of the company's stock worth $587,287,000 after purchasing an additional 22,708,662 shares during the last quarter. Duquesne Family Office LLC boosted its position in shares of Coupang by 4.4% in the 4th quarter. Duquesne Family Office LLC now owns 20,283,765 shares of the company's stock worth $298,374,000 after purchasing an additional 849,458 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Coupang by 2.0% in the 3rd quarter. FMR LLC now owns 19,836,006 shares of the company's stock worth $337,212,000 after purchasing an additional 381,964 shares during the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPNG has been the topic of several recent research reports. Citigroup lowered Coupang from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and lifted their target price for the stock from $18.50 to $21.00 in a report on Thursday, February 29th. Barclays lifted their target price on Coupang from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. TheStreet upgraded Coupang from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. Finally, UBS Group lowered Coupang from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $26.00 to $18.50 in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.07.

Coupang Stock Down 0.4 %

Shares of CPNG traded down $0.08 during midday trading on Friday, hitting $18.24. The stock had a trading volume of 6,104,245 shares, compared to its average volume of 14,535,294. The company has a 50 day simple moving average of $16.91 and a two-hundred day simple moving average of $16.53. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $19.99. The firm has a market cap of $32.71 billion, a price-to-earnings ratio of 24.32 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.90.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the business posted $0.06 EPS. The company's revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts anticipate that Coupang, Inc. will post 0.29 EPS for the current year.

Insider Activity at Coupang

In related news, insider Harold Rogers sold 139,080 shares of Coupang stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the sale, the insider now owns 394,192 shares of the company's stock, valued at $7,194,004. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Harold Rogers sold 139,080 shares of Coupang stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the sale, the insider now owns 394,192 shares of the company's stock, valued at $7,194,004. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total value of $600,985,067.54. Following the transaction, the insider now directly owns 364,542,259 shares in the company, valued at approximately $6,929,948,343.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,355,590 shares of company stock valued at $633,443,979. 14.90% of the stock is owned by insiders.

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.