Xponance Inc. Lowers Stock Position in Coupang, Inc. (NYSE:CPNG)

Xponance Inc. reduced its stake in Coupang, Inc. (NYSE:CPNG) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,424 shares of the company’s stock after selling 8,514 shares during the quarter. Xponance Inc.’s holdings in Coupang were worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Headinvest LLC purchased a new stake in Coupang in the third quarter valued at approximately $29,000. NBC Securities Inc. purchased a new stake in Coupang in the third quarter valued at approximately $51,000. Deuterium Capital Management LLC purchased a new stake in Coupang in the third quarter valued at approximately $170,000. Orion Portfolio Solutions LLC purchased a new stake in Coupang in the third quarter valued at approximately $172,000. Finally, Resonant Capital Advisors LLC purchased a new stake in Coupang in the third quarter valued at approximately $173,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Stock Up 2.0 %

Shares of Coupang stock opened at $22.46 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $22.89. The stock has a market capitalization of $40.28 billion, a price-to-earnings ratio of 29.95 and a beta of 1.32. The company’s 50 day moving average price is $18.38 and its 200-day moving average price is $16.84.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue was up 23.2% on a year-over-year basis. Equities research analysts forecast that Coupang, Inc. will post 0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

CPNG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and increased their price target for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Barclays increased their price target on shares of Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Citigroup upgraded shares of Coupang from a “neutral” rating to a “buy” rating and increased their price target for the company from $19.00 to $26.00 in a research report on Monday, April 15th. Finally, TheStreet upgraded shares of Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.42.

Insider Buying and Selling

In related news, insider Harold Rogers sold 139,080 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 394,192 shares of the company’s stock, valued at $7,194,004. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coupang news, insider Harold Rogers sold 139,080 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the transaction, the insider now owns 394,192 shares of the company’s stock, valued at $7,194,004. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were 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 disclosure for this sale can be found here. Insiders sold 33,355,590 shares of company stock valued at $633,443,979 over the last quarter. 14.90% of the stock is owned by company insiders.

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.