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Kontiki Capital Management HK Ltd. Has $138.16 Million Stock Position in Coupang, Inc. (NYSE:CPNG)

Coupang logo with Retail/Wholesale background

Kontiki Capital Management HK Ltd. increased its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,533,568 shares of the company's stock after purchasing an additional 287,000 shares during the quarter. Coupang makes up 16.3% of Kontiki Capital Management HK Ltd.'s investment portfolio, making the stock its 4th largest holding. Kontiki Capital Management HK Ltd. owned about 0.48% of Coupang worth $138,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Headinvest LLC purchased a new stake in Coupang in the 3rd quarter worth approximately $29,000. Nomura Asset Management Co. Ltd. raised its holdings in Coupang by 27.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company's stock valued at $138,000 after buying an additional 1,821 shares in the last quarter. Integrity Wealth Solutions LLC bought a new position in Coupang during the fourth quarter valued at about $163,000. Klingman & Associates LLC acquired a new stake in shares of Coupang in the fourth quarter worth about $195,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Coupang during the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Performance

CPNG traded down $0.05 on Friday, hitting $21.84. 4,628,443 shares of the stock traded hands, compared to its average volume of 7,033,159. The business has a fifty day moving average price of $21.78 and a two-hundred day moving average price of $18.22. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.67. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $23.77. The firm has a market capitalization of $39.05 billion, a PE ratio of 31.20, a P/E/G ratio of 8.97 and a beta of 1.12.


Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $6.95 billion. Coupang had a net margin of 4.96% and a return on equity of 13.59%. The business's revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, research analysts predict that Coupang, Inc. will post 0.13 EPS for the current fiscal year.

Insider Transactions at Coupang

In other news, 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 of the company's stock, valued at approximately $6,929,948,343.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the sale, the insider now owns 364,542,259 shares of the company's stock, valued at approximately $6,929,948,343.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Pranam Kolari sold 2,048 shares of the company's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total transaction of $45,752.32. Following the transaction, the insider now owns 187,951 shares in the company, valued at $4,198,825.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,406,772 shares of company stock valued at $634,633,096. Corporate insiders own 13.60% of the company's stock.

Analysts Set New Price Targets

CPNG has been the subject of several recent analyst reports. UBS Group raised shares of Coupang from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $18.50 to $26.00 in a report on Thursday, May 16th. Mizuho raised their price target on Coupang from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, May 8th. TheStreet raised Coupang from a "d+" rating to a "c-" rating in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and raised their target price for the company from $18.50 to $21.00 in a report on Thursday, February 29th. Finally, Citigroup upped their price target on Coupang from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $26.67.

Check Out Our Latest Report on Coupang

Coupang Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CPNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coupang, Inc. (NYSE:CPNG - Free Report).

Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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