Choreo LLC Raises Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Choreo LLC increased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 212,149 shares of the company’s stock after acquiring an additional 12,485 shares during the period. Choreo LLC’s holdings in Coupang were worth $4,714,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. FMR LLC increased its stake in Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after purchasing an additional 6,584,910 shares during the period. Coronation Fund Managers Ltd. increased its stake in Coupang by 139.1% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after buying an additional 2,802,325 shares during the period. Wellington Management Group LLP increased its stake in Coupang by 43.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after buying an additional 2,603,046 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Coupang by 762.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company’s stock valued at $68,710,000 after buying an additional 2,474,175 shares in the last quarter. Finally, Ninety One UK Ltd purchased a new stake in Coupang in the 4th quarter valued at about $46,388,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the sale, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of the stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the purchase, the director now owns 52,726,423 shares of the company’s stock, valued at $1,269,652,265.84. This represents a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 15,009,234 shares of company stock valued at $344,761,515 over the last quarter. 13.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Citigroup reduced their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Price Performance

NYSE CPNG opened at $24.01 on Thursday. The company has a market cap of $43.18 billion, a PE ratio of 42.12, a P/E/G ratio of 42.58 and a beta of 1.11. The firm’s 50 day moving average price is $23.01 and its 200-day moving average price is $23.46. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang, Inc. has a 52-week low of $13.67 and a 52-week high of $26.91.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. Sell-side analysts forecast that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

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.