Yousif Capital Management LLC Acquires 2,458 Shares of Coupang, Inc. (NYSE:CPNG)

Yousif Capital Management LLC boosted its position in shares of Coupang, Inc. (NYSE:CPNG) by 18.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,554 shares of the company’s stock after purchasing an additional 2,458 shares during the period. Yousif Capital Management LLC’s holdings in Coupang were worth $341,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Coupang by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock valued at $1,663,594,000 after buying an additional 17,123,637 shares during the period. FMR LLC lifted its position in shares of Coupang by 9.1% in the 4th quarter. FMR LLC now owns 29,619,581 shares of the company’s stock worth $651,038,000 after purchasing an additional 2,465,973 shares during the period. Durable Capital Partners LP lifted its position in shares of Coupang by 13.6% in the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock worth $629,426,000 after purchasing an additional 3,420,133 shares during the period. Dragoneer Investment Group LLC lifted its position in shares of Coupang by 9.0% in the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company’s stock worth $451,497,000 after purchasing an additional 1,690,826 shares during the period. Finally, Dodge & Cox lifted its position in shares of Coupang by 0.6% in the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company’s stock worth $444,640,000 after purchasing an additional 123,900 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $25.75, for a total value of $772,500,000.00. Following the transaction, the insider now directly owns 319,542,259 shares of the company’s stock, valued at approximately $8,228,213,169.25. This trade represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Pranam Kolari sold 9,347 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the sale, the vice president now owns 177,106 shares of the company’s stock, valued at approximately $4,223,978.10. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,459,697 shares of company stock valued at $1,067,780,811 over the last ninety days. Corporate insiders own 12.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CPNG. Wall Street Zen raised shares of Coupang from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays increased their target price on shares of Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Mizuho raised shares of Coupang to a “hold” rating in a research report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Coupang presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Coupang Stock Up 0.3%

NYSE:CPNG opened at $28.49 on Friday. The firm has a market capitalization of $51.73 billion, a P/E ratio of 203.53 and a beta of 1.15. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $29.12. The company’s fifty day moving average price is $25.98 and its 200-day moving average price is $24.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.16 and a quick ratio of 0.90.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. Coupang had a return on equity of 10.07% and a net margin of 0.82%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current year.

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.