Bwcp LP Has $23.63 Million Stock Position in Coupang, Inc. (NYSE:CPNG)

Bwcp LP decreased its holdings in Coupang, Inc. (NYSE:CPNG) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,127,971 shares of the company’s stock after selling 95,752 shares during the period. Coupang accounts for about 5.9% of Bwcp LP’s holdings, making the stock its 6th biggest position. Bwcp LP owned 0.06% of Coupang worth $23,631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bain Capital Public Equity Management II LLC bought a new position in Coupang in the 4th quarter worth about $18,850,000. Nebula Research & Development LLC lifted its holdings in shares of Coupang by 220.4% in the fourth quarter. Nebula Research & Development LLC now owns 98,140 shares of the company’s stock worth $1,589,000 after buying an additional 67,509 shares in the last quarter. Kontiki Capital Management HK Ltd. boosted its position in shares of Coupang by 3.5% in the fourth quarter. Kontiki Capital Management HK Ltd. now owns 8,533,568 shares of the company’s stock valued at $138,158,000 after acquiring an additional 287,000 shares during the period. Tree Line Advisors Hong Kong Ltd. grew its stake in Coupang by 49.0% during the fourth quarter. Tree Line Advisors Hong Kong Ltd. now owns 2,980,000 shares of the company’s stock valued at $48,246,000 after acquiring an additional 980,000 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in Coupang by 17.9% during the 1st quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock worth $318,000 after acquiring an additional 2,710 shares during the period. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

NYSE CPNG opened at $24.94 on Wednesday. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $25.19. The company has a fifty day moving average of $22.23 and a 200-day moving average of $21.47. The company has a market capitalization of $44.59 billion, a P/E ratio of 35.63, a P/E/G ratio of 171.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 1.12.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.39 billion. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, equities research analysts predict that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of Coupang stock in a transaction on Wednesday, August 21st. The shares were acquired at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the completion of the transaction, the director now directly owns 50,476,224 shares of the company’s stock, valued at $1,158,429,340.80. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, insider Pranam Kolari sold 10,432 shares of Coupang stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $19.90, for a total value of $207,596.80. Following the transaction, the insider now owns 170,356 shares in the company, valued at $3,390,084.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Greenoaks Capital Partners Llc bought 100,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the purchase, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. The disclosure for this purchase can be found here. In the last quarter, insiders bought 601,300 shares of company stock worth $13,604,354 and sold 410,432 shares worth $9,429,597. 13.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CPNG has been the subject of several analyst reports. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and raised their price target for the company from $18.00 to $31.00 in a report on Wednesday, September 4th. Morgan Stanley lifted their price objective on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.25.

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.