Coupang, Inc. (NYSE:CPNG) is PointState Capital LP’s 9th Largest Position

PointState Capital LP lowered its stake in shares of Coupang, Inc. (NYSE:CPNG) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,103,498 shares of the company’s stock after selling 4,137,841 shares during the period. Coupang accounts for about 4.0% of PointState Capital LP’s investment portfolio, making the stock its 9th biggest holding. PointState Capital LP’s holdings in Coupang were worth $222,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. 180 Wealth Advisors LLC lifted its holdings in shares of Coupang by 2.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 33,683 shares of the company’s stock valued at $740,000 after purchasing an additional 896 shares during the last quarter. Ignite Planners LLC grew its position in shares of Coupang by 2.5% during the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock valued at $452,000 after acquiring an additional 483 shares during the period. Oak Thistle LLC acquired a new stake in shares of Coupang during the 4th quarter valued at about $1,651,000. Assenagon Asset Management S.A. lifted its stake in Coupang by 85.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock valued at $24,182,000 after buying an additional 506,622 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Coupang in the 4th quarter valued at about $300,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CPNG shares. Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a research report on Wednesday, February 26th. Finally, Mizuho raised Coupang to a “hold” rating in a research report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.19.

Coupang Price Performance

Shares of CPNG opened at $26.83 on Thursday. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $27.03. The company has a market capitalization of $48.44 billion, a price-to-earnings ratio of 47.07, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The firm has a 50-day simple moving average of $22.81 and a 200-day simple moving average of $23.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business 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. On average, equities research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Transactions at Coupang

In related news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Pranam Kolari sold 9,347 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the transaction, the vice president now directly owns 177,106 shares of the company’s stock, valued at $4,223,978.10. This represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,334,697 shares of company stock worth $780,547,061. Company insiders own 13.60% 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.