Quadrature Capital Ltd Takes Position in Coupang, Inc. (NYSE:CPNG)

Quadrature Capital Ltd bought a new stake in Coupang, Inc. (NYSE:CPNG) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 189,087 shares of the company’s stock, valued at approximately $3,364,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPNG. Global Retirement Partners LLC raised its stake in Coupang by 135.8% during the 1st quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock valued at $26,000 after acquiring an additional 827 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Coupang during the 1st quarter worth approximately $50,000. Acadian Asset Management LLC increased its position in Coupang by 438.7% during the 1st quarter. Acadian Asset Management LLC now owns 5,581 shares of the company’s stock worth $99,000 after purchasing an additional 4,545 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Coupang by 27.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company’s stock worth $138,000 after purchasing an additional 1,821 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Coupang by 16.4% during the 1st quarter. Advisors Asset Management Inc. now owns 8,236 shares of the company’s stock worth $147,000 after purchasing an additional 1,159 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on CPNG. Mizuho boosted their target price on Coupang from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Barclays boosted their target price on Coupang from $25.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Citigroup boosted their target price on Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. UBS Group upgraded Coupang from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.50 to $26.00 in a research report on Thursday, May 16th. Finally, Morgan Stanley upped their price target on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.71.

Coupang Trading Up 2.0 %

NYSE CPNG traded up $0.39 on Friday, hitting $20.18. 9,692,080 shares of the stock were exchanged, compared to its average volume of 5,708,531. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $23.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89. The company has a market capitalization of $36.08 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1,998.02 and a beta of 1.09. The company’s 50-day moving average price is $21.49 and its two-hundred day moving average price is $19.44.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $6.95 billion. Coupang had a net margin of 4.96% and a return on equity of 13.59%. The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. Research analysts predict that Coupang, Inc. will post 0.01 EPS for the current year.

Insider Activity at Coupang

In related news, Director Benjamin Sun sold 700,000 shares of Coupang stock in a transaction on Monday, June 17th. The shares were sold at an average price of $20.63, for a total value of $14,441,000.00. Following the completion of the sale, the director now owns 2,169,421 shares of the company’s stock, valued at approximately $44,755,155.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Greenoaks Capital Partners Llc bought 120,239 shares of the business’s stock in a transaction on Friday, May 10th. The stock was purchased at an average price of $22.53 per share, with a total value of $2,708,984.67. Following the transaction, the director now directly owns 48,126,374 shares in the company, valued at $1,084,287,206.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Benjamin Sun sold 700,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the transaction, the director now directly owns 2,169,421 shares of the company’s stock, valued at approximately $44,755,155.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 753,538 shares of company stock valued at $15,662,818. Insiders own 13.60% of the company’s stock.

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.