Coupang, Inc. $CPNG Position Boosted by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 44.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,821,147 shares of the company’s stock after purchasing an additional 559,960 shares during the period. Invesco Ltd.’s holdings in Coupang were worth $39,938,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Thoroughbred Financial Services LLC lifted its position in shares of Coupang by 1.4% during the first quarter. Thoroughbred Financial Services LLC now owns 29,486 shares of the company’s stock worth $646,000 after purchasing an additional 408 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Coupang by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company’s stock worth $1,879,000 after acquiring an additional 445 shares during the last quarter. Virtus ETF Advisers LLC lifted its holdings in Coupang by 1.1% in the fourth quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company’s stock worth $975,000 after acquiring an additional 466 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in Coupang by 4.2% in the first quarter. Resonant Capital Advisors LLC now owns 11,768 shares of the company’s stock worth $258,000 after acquiring an additional 476 shares during the last quarter. Finally, Snowden Capital Advisors LLC lifted its holdings in Coupang by 1.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 49,908 shares of the company’s stock worth $1,097,000 after acquiring an additional 603 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In related news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the transaction, the insider owned 309,542,259 shares in the company, valued at $8,744,568,816.75. This trade represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the transaction, the director owned 1,319,421 shares in the company, valued at $37,418,779.56. This represents a 13.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,462,003 shares of company stock worth $295,524,795 over the last ninety days. Insiders own 12.78% of the company’s stock.

Coupang Price Performance

Shares of NYSE:CPNG opened at $29.00 on Tuesday. The firm’s 50 day moving average is $29.44 and its two-hundred day moving average is $26.00. Coupang, Inc. has a 52 week low of $19.02 and a 52 week high of $31.65. The firm has a market capitalization of $52.87 billion, a P/E ratio of 145.01 and a beta of 1.16. 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 announced its quarterly 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). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The firm had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.34 billion. During the same quarter in the previous year, the business posted $0.07 EPS. Coupang’s revenue for the quarter was up 16.4% compared to the same quarter last year. Analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Coupang from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Nomura raised shares of Coupang from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, August 6th. Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Nomura Securities raised shares of Coupang to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Coupang from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Wednesday, August 6th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.57.

Coupang Company 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.