NWI Management LP Grows Holdings in Coupang, Inc. (NYSE:CPNG)

NWI Management LP raised its position in Coupang, Inc. (NYSE:CPNG) by 100.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000,000 shares of the company’s stock after purchasing an additional 500,000 shares during the period. Coupang comprises about 0.5% of NWI Management LP’s investment portfolio, making the stock its 13th largest position. NWI Management LP owned about 0.06% of Coupang worth $17,790,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Coupang by 3.6% in the third quarter. Vanguard Group Inc. now owns 4,309,204 shares of the company’s stock valued at $73,256,000 after buying an additional 148,738 shares during the period. Raymond James & Associates raised its holdings in Coupang by 1.2% in the fourth quarter. Raymond James & Associates now owns 87,812 shares of the company’s stock valued at $1,422,000 after buying an additional 1,031 shares during the period. Assenagon Asset Management S.A. purchased a new position in Coupang in the fourth quarter valued at approximately $14,854,000. Altfest L J & Co. Inc. purchased a new position in Coupang in the fourth quarter valued at approximately $332,000. Finally, AMS Capital Ltda raised its holdings in Coupang by 22.4% in the fourth quarter. AMS Capital Ltda now owns 196,491 shares of the company’s stock valued at $3,181,000 after buying an additional 35,966 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Coupang news, Director Benjamin Sun sold 700,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the completion of the sale, the director now owns 2,169,421 shares in the company, valued at $44,755,155.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Coupang news, Director Benjamin Sun sold 700,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the completion of the sale, the director now owns 2,169,421 shares in the company, valued at $44,755,155.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Pranam Kolari sold 2,048 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the sale, the insider now owns 187,951 shares of the company’s stock, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 753,538 shares of company stock worth $15,662,818. Insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CPNG. Barclays raised their price target on shares of Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Mizuho lifted their price objective on shares of Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Citigroup lifted their price objective on shares of Coupang from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Bank of America began coverage on shares of Coupang in a research note on Friday, May 3rd. They set a “buy” rating and a $30.00 price objective on the stock. Finally, UBS Group upgraded shares of Coupang from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.50 to $26.00 in a research note on Thursday, May 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Coupang Stock Up 2.0 %

Shares of NYSE:CPNG traded up $0.39 during midday trading on Friday, reaching $20.18. The company had a trading volume of 9,692,080 shares, compared to its average volume of 5,708,531. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89. The stock’s fifty day moving average price is $21.49 and its 200-day moving average price is $19.46. The stock has a market capitalization of $36.08 billion, a P/E ratio of 28.83, a PEG ratio of 1,998.02 and a beta of 1.09. Coupang, Inc. has a one year low of $13.51 and a one year high of $23.77.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $6.95 billion. Coupang had a return on equity of 13.59% and a net margin of 4.96%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. Equities research analysts expect that Coupang, Inc. will post 0.01 earnings per share for the current fiscal year.

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.