Cwm LLC Boosts Stake in Coupang, Inc. $CPNG

Cwm LLC lifted its holdings in Coupang, Inc. (NYSE:CPNG) by 17.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,346 shares of the company’s stock after buying an additional 24,638 shares during the quarter. Cwm LLC’s holdings in Coupang were worth $5,074,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CPNG. Dodge & Cox boosted its position in Coupang by 101.6% during the first quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock worth $894,413,000 after purchasing an additional 20,555,600 shares in the last quarter. GQG Partners LLC purchased a new stake in Coupang during the first quarter worth $168,127,000. Massachusetts Financial Services Co. MA boosted its position in Coupang by 436.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company’s stock worth $190,497,000 after purchasing an additional 7,067,830 shares in the last quarter. Nuveen LLC purchased a new stake in Coupang during the first quarter worth $75,775,000. Finally, Altimeter Capital Management LP boosted its position in Coupang by 24.3% during the first quarter. Altimeter Capital Management LP now owns 7,441,445 shares of the company’s stock worth $163,191,000 after purchasing an additional 1,455,555 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CPNG. Wall Street Zen cut Coupang from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Arete began coverage on Coupang in a report on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target for the company. Nomura raised Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, August 6th. Zacks Research cut Coupang from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft cut Coupang from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.50.

Coupang Stock Performance

Coupang stock opened at $31.56 on Thursday. The firm has a market capitalization of $57.53 billion, a P/E ratio of 157.79 and a beta of 1.18. The stock has a fifty day moving average price of $30.64 and a 200 day moving average price of $28.11. Coupang, Inc. has a 52 week low of $19.02 and a 52 week high of $34.08. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The business had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.34 billion. Coupang had a net margin of 1.13% and a return on equity of 7.47%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. Equities research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Transactions at Coupang

In other Coupang news, VP Pranam Kolari sold 11,653 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $29.14, for a total transaction of $339,568.42. Following the completion of the sale, the vice president directly owned 158,676 shares in the company, valued at $4,623,818.64. This represents a 6.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pedro Franceschi sold 21,428 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $32.05, for a total value of $686,767.40. The disclosure for this sale can be found here. In the last three months, insiders sold 988,983 shares of company stock valued at $31,203,966. Corporate insiders own 12.78% of the company’s stock.

About Coupang

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.