Davis Selected Advisers Has $172.42 Million Stock Holdings in Coupang, Inc. $CPNG

Davis Selected Advisers decreased its position in Coupang, Inc. (NYSE:CPNG) by 2.1% during the second quarter, HoldingsChannel reports. The firm owned 5,754,998 shares of the company’s stock after selling 125,992 shares during the quarter. Coupang comprises approximately 0.9% of Davis Selected Advisers’ holdings, making the stock its 29th biggest position. Davis Selected Advisers’ holdings in Coupang were worth $172,420,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dodge & Cox grew its stake in Coupang by 101.6% in the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock valued at $894,413,000 after buying an additional 20,555,600 shares during the last quarter. GQG Partners LLC acquired a new position in Coupang during the 1st quarter worth $168,127,000. Nuveen LLC bought a new stake in Coupang during the first quarter valued at about $75,775,000. AustralianSuper Pty Ltd acquired a new stake in shares of Coupang in the second quarter valued at about $51,313,000. Finally, Altimeter Capital Management LP increased its stake in shares of Coupang by 24.3% in the first quarter. Altimeter Capital Management LP now owns 7,441,445 shares of the company’s stock worth $163,191,000 after purchasing an additional 1,455,555 shares during the period. 83.72% of the stock is owned by institutional investors.

Insider Transactions at Coupang

In other Coupang news, Director Pedro Franceschi sold 21,428 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $32.05, for a total value of $686,767.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 815,797 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $31.88, for a total transaction of $26,007,608.36. Following the sale, the director owned 503,624 shares of the company’s stock, valued at $16,055,533.12. This trade represents a 61.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 913,633 shares of company stock valued at $29,143,084. 12.78% of the stock is currently owned by company insiders.

Coupang Trading Down 1.0%

Shares of NYSE CPNG opened at $28.53 on Friday. The company has a market cap of $52.01 billion, a PE ratio of 135.86 and a beta of 1.17. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $34.08. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $31.63 and a two-hundred day moving average of $29.51.

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

Analyst Upgrades and Downgrades

CPNG has been the subject of several recent analyst reports. Morgan Stanley increased their target price on Coupang from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Arete began coverage on Coupang in a report on Thursday, September 18th. They set a “buy” rating and a $40.00 price target for the company. Zacks Research raised Coupang from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Barclays raised their price objective on shares of Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

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.