AMS Capital Ltda Boosts Holdings in Coupang, Inc. (NYSE:CPNG)

AMS Capital Ltda lifted its position in shares of Coupang, Inc. (NYSE:CPNG) by 94.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 461,630 shares of the company’s stock after buying an additional 224,716 shares during the quarter. Coupang comprises 4.2% of AMS Capital Ltda’s holdings, making the stock its 9th biggest position. AMS Capital Ltda’s holdings in Coupang were worth $10,124,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in Coupang by 23.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company’s stock worth $4,861,000 after buying an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC acquired a new stake in shares of Coupang during the 4th quarter worth $2,618,000. New York Life Investment Management LLC acquired a new stake in shares of Coupang during the 4th quarter worth $349,000. Ninety One UK Ltd bought a new position in shares of Coupang in the fourth quarter worth $46,388,000. Finally, Point72 Hong Kong Ltd acquired a new position in Coupang in the fourth quarter valued at about $1,394,000. Institutional investors own 83.72% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $25.75, for a total value of $772,500,000.00. Following the completion of the transaction, the insider now owns 319,542,259 shares of the company’s stock, valued at $8,228,213,169.25. This represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Gaurav Anand sold 175,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the completion of the transaction, the chief financial officer now owns 2,092,290 shares of the company’s stock, valued at approximately $58,814,271.90. This trade represents a 7.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,709,697 shares of company stock valued at $791,138,311. 12.78% of the stock is currently owned by insiders.

Coupang Stock Up 0.5%

CPNG stock opened at $28.37 on Thursday. The firm has a 50-day moving average price of $24.24 and a 200-day moving average price of $23.70. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $28.61. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $51.51 billion, a P/E ratio of 49.77, a price-to-earnings-growth ratio of 52.20 and a beta of 1.15.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities research analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CPNG has been the topic of a number of analyst reports. Barclays increased their price objective 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 shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a report on Wednesday, February 26th. Finally, Mizuho raised shares of Coupang to a “hold” rating in a research note on Friday, April 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

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.