Bwcp LP Sells 181,149 Shares of Coupang, Inc. $CPNG

Bwcp LP trimmed its position in shares of Coupang, Inc. (NYSE:CPNG) by 16.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 949,850 shares of the company’s stock after selling 181,149 shares during the period. Coupang comprises approximately 4.6% of Bwcp LP’s portfolio, making the stock its 5th biggest holding. Bwcp LP owned about 0.05% of Coupang worth $28,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPNG. Dodge & Cox increased its holdings in Coupang by 101.6% in the first quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock worth $894,413,000 after buying an additional 20,555,600 shares during the last quarter. Norges Bank bought a new position in shares of Coupang during the 2nd quarter valued at $587,186,000. Marshall Wace LLP raised its holdings in shares of Coupang by 115.9% during the 2nd quarter. Marshall Wace LLP now owns 6,360,239 shares of the company’s stock valued at $190,553,000 after purchasing an additional 3,414,359 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Coupang by 291.2% in the 2nd quarter. American Century Companies Inc. now owns 4,343,079 shares of the company’s stock valued at $130,119,000 after purchasing an additional 3,233,004 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Coupang by 25.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,897,027 shares of the company’s stock worth $326,475,000 after purchasing an additional 2,210,447 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In other news, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $31.98, for a total transaction of $372,662.94. Following the sale, the vice president owned 147,023 shares of the company’s stock, valued at approximately $4,701,795.54. This trade represents a 7.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.78% of the company’s stock.

Coupang Price Performance

Shares of Coupang stock opened at $25.61 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.06 and a quick ratio of 0.82. The company has a market cap of $46.78 billion, a PE ratio of 121.96 and a beta of 1.18. The firm has a fifty day moving average price of $29.43 and a two-hundred day moving average price of $29.70. Coupang, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $34.08.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The business had revenue of $9.27 billion during the quarter, compared to analyst estimates of $9.13 billion. During the same quarter in the prior year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CPNG shares. Morgan Stanley upped their price target on Coupang from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Mizuho increased their price target on Coupang from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Bank of America boosted their price objective on shares of Coupang from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Coupang in a research note on Wednesday, October 8th. Finally, Arete Research initiated coverage on shares of Coupang in a research report on Thursday, September 18th. They set a “buy” rating and a $40.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.38.

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.