GSA Capital Partners LLP Increases Stock Position in Coupang, Inc. (NYSE:CPNG)

GSA Capital Partners LLP grew its position in Coupang, Inc. (NYSE:CPNG) by 47.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 83,003 shares of the company’s stock after purchasing an additional 26,769 shares during the period. GSA Capital Partners LLP’s holdings in Coupang were worth $1,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Coupang during the first quarter worth about $30,000. Grove Bank & Trust purchased a new stake in Coupang during the first quarter worth about $33,000. Itau Unibanco Holding S.A. increased its holdings in Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock worth $43,000 after buying an additional 1,640 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company’s stock worth $53,000 after buying an additional 1,429 shares during the last quarter. Finally, BOCHK Asset Management Ltd purchased a new stake in Coupang during the first quarter worth about $70,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc acquired 650,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was purchased at an average cost of $26.86 per share, for a total transaction of $17,459,000.00. Following the acquisition, the director owned 55,131,161 shares in the company, valued at $1,480,822,984.46. The trade was a 1.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gaurav Anand sold 175,000 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the sale, the chief financial officer owned 2,092,290 shares of the company’s stock, valued at $58,814,271.90. This represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,459,697 shares of company stock worth $1,067,780,811. Corporate insiders own 12.78% of the company’s stock.

Coupang Price Performance

CPNG stock opened at $30.08 on Tuesday. The firm has a 50 day moving average of $29.23 and a 200-day moving average of $25.35. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $31.65. The firm has a market capitalization of $54.61 billion, a P/E ratio of 214.86 and a beta of 1.16.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 0.82% and a return on equity of 10.07%. The company’s revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CPNG. Wall Street Zen downgraded shares of Coupang from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Mizuho upgraded shares of Coupang to a “hold” rating in a report on Friday, April 18th. Finally, Barclays raised their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.08.

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.