Xponance Inc. Has $2.37 Million Position in Coupang, Inc. (NYSE:CPNG)

Xponance Inc. reduced its stake in Coupang, Inc. (NYSE:CPNG) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,424 shares of the company’s stock after selling 8,514 shares during the period. Xponance Inc.’s holdings in Coupang were worth $2,371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CPNG. Exchange Traded Concepts LLC boosted its stake in shares of Coupang by 9.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 64,097 shares of the company’s stock valued at $1,090,000 after purchasing an additional 5,566 shares in the last quarter. Coronation Fund Managers Ltd. boosted its stake in shares of Coupang by 2.8% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 3,093,167 shares of the company’s stock valued at $52,584,000 after purchasing an additional 84,076 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Coupang in the 3rd quarter valued at approximately $929,000. AMS Capital Ltda acquired a new stake in shares of Coupang in the 3rd quarter valued at approximately $2,729,000. Finally, Simplicity Solutions LLC raised its holdings in Coupang by 23.5% in the 3rd quarter. Simplicity Solutions LLC now owns 15,420 shares of the company’s stock valued at $262,000 after buying an additional 2,938 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CPNG. TheStreet upgraded shares of Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Citigroup upgraded shares of Coupang from a “neutral” rating to a “buy” rating and raised their price objective for the company from $19.00 to $26.00 in a report on Monday, April 15th. Barclays raised their price objective on shares of Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.50 to $21.00 in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Coupang has an average rating of “Moderate Buy” and an average target price of $22.42.

Coupang Stock Up 2.0 %

Shares of NYSE CPNG opened at $22.46 on Tuesday. The company has a market capitalization of $40.28 billion, a P/E ratio of 29.95 and a beta of 1.32. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $22.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The company’s 50 day moving average price is $18.38 and its 200-day moving average price is $16.84.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.40 billion. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. Equities analysts forecast that Coupang, Inc. will post 0.32 earnings per share for the current year.

Insider Transactions at Coupang

In related news, insider Pranam Kolari sold 2,356 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total transaction of $32,701.28. Following the transaction, the insider now owns 182,844 shares in the company, valued at approximately $2,537,874.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Pranam Kolari sold 2,356 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total transaction of $32,701.28. Following the transaction, the insider now owns 182,844 shares in the company, valued at approximately $2,537,874.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the transaction, the insider now owns 364,542,259 shares in the company, valued at approximately $6,929,948,343.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,355,590 shares of company stock worth $633,443,979. Company insiders own 14.90% of the company’s stock.

Coupang Company 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.