Coupang, Inc. (NYSE:CPNG) is Duquesne Family Office LLC’s 3rd Largest Position

Duquesne Family Office LLC grew its stake in shares of Coupang, Inc. (NYSE:CPNG) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,302,634 shares of the company’s stock after buying an additional 399,985 shares during the period. Coupang accounts for 6.7% of Duquesne Family Office LLC’s portfolio, making the stock its 3rd biggest holding. Duquesne Family Office LLC owned 0.52% of Coupang worth $204,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wingate Wealth Advisors Inc. purchased a new stake in shares of Coupang in the fourth quarter valued at $26,000. SVB Wealth LLC acquired a new stake in Coupang in the first quarter valued at approximately $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Coupang during the first quarter worth about $30,000. Grove Bank & Trust purchased a new stake in shares of Coupang during the first quarter valued at $33,000. Finally, Brooklyn Investment Group increased its holdings in Coupang by 43.1% in the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company’s stock worth $37,000 after buying an additional 506 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Insider Activity at Coupang

In other Coupang news, CFO Gaurav Anand sold 175,000 shares of the stock in a transaction on Thursday, May 29th. The stock was 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 directly owns 2,092,290 shares in the company, valued at $58,814,271.90. This represents a 7.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Pranam Kolari sold 9,347 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the sale, 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 90 days, insiders sold 30,709,697 shares of company stock worth $791,138,311. Company insiders own 12.78% of the company’s stock.

Coupang Trading Down 0.7%

Shares of NYSE:CPNG opened at $28.26 on Wednesday. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $29.12. 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 firm has a market cap of $51.31 billion, a P/E ratio of 49.59, a P/E/G ratio of 52.20 and a beta of 1.15. The company has a 50 day moving average of $24.76 and a 200-day moving average of $23.82.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business 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 business’s revenue was up 11.2% on a year-over-year basis. As a group, analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPNG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Mizuho upgraded Coupang to a “hold” rating in a research report on Friday, April 18th. Finally, Barclays boosted their target price on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Coupang Profile

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.