LTS One Management LP Purchases 40,000 Shares of Coupang, Inc. $CPNG

LTS One Management LP boosted its position in Coupang, Inc. (NYSE:CPNG) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 910,000 shares of the company’s stock after buying an additional 40,000 shares during the quarter. Coupang makes up about 6.0% of LTS One Management LP’s portfolio, making the stock its 9th biggest position. LTS One Management LP’s holdings in Coupang were worth $19,956,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Thoroughbred Financial Services LLC increased its position in shares of Coupang by 1.4% during the 1st 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 increased its position in shares of Coupang by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 85,489 shares of the company’s stock worth $1,879,000 after purchasing an additional 445 shares during the last quarter. Resonant Capital Advisors LLC increased its position in shares of Coupang by 4.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 11,768 shares of the company’s stock worth $258,000 after purchasing an additional 476 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Coupang by 43.1% during the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the last quarter. Finally, Samalin Investment Counsel LLC increased its position in shares of Coupang by 2.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 21,130 shares of the company’s stock worth $463,000 after purchasing an additional 520 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CPNG shares. Barclays boosted their price target on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Morgan Stanley boosted their price target on Coupang from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Nomura upgraded Coupang from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research note on Wednesday, August 6th. Finally, Wall Street Zen downgraded Coupang from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.13.

Coupang Stock Performance

CPNG opened at $28.32 on Thursday. The business has a fifty day simple moving average of $29.48 and a 200 day simple moving average of $26.20. The company has a market capitalization of $51.63 billion, a PE ratio of 141.60 and a beta of 1.16. Coupang, Inc. has a 1 year low of $19.02 and a 1 year high of $31.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.34 billion. Coupang had a net margin of 1.13% and a return on equity of 7.47%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. Research analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Activity at Coupang

In other news, CFO Gaurav Anand sold 75,350 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the completion of the sale, the chief financial officer directly owned 2,016,940 shares in the company, valued at approximately $56,050,762.60. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the company’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the sale, the insider owned 309,542,259 shares of the company’s stock, valued at approximately $8,744,568,816.75. The trade was a 3.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,087,003 shares of company stock worth $284,933,545 in the last ninety days. 12.78% of the stock is owned by company insiders.

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.