Coupang, Inc. $CPNG Shares Sold by Amundi

Amundi cut its position in Coupang, Inc. (NYSE:CPNG) by 23.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 289,968 shares of the company’s stock after selling 87,911 shares during the quarter. Amundi’s holdings in Coupang were worth $6,223,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CPNG. Dodge & Cox increased its position in shares of Coupang by 101.6% during the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock valued at $894,413,000 after purchasing an additional 20,555,600 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Coupang by 436.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company’s stock valued at $190,497,000 after purchasing an additional 7,067,830 shares in the last quarter. GQG Partners LLC acquired a new stake in Coupang during the first quarter valued at $168,127,000. Coronation Fund Managers Ltd. boosted its position in Coupang by 2.4% during the first quarter. Coronation Fund Managers Ltd. now owns 7,559,777 shares of the company’s stock valued at $165,786,000 after purchasing an additional 176,166 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. lifted its position in shares of Coupang by 3.4% in the first quarter. Kontiki Capital Management HK Ltd. now owns 7,210,768 shares of the company’s stock worth $158,132,000 after buying an additional 237,300 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CPNG. Nomura upgraded Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, August 6th. Nomura Securities raised Coupang to a “strong-buy” rating in a report on Wednesday, August 6th. Morgan Stanley raised their price objective on shares of Coupang from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Wall Street Zen downgraded Coupang from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Coupang currently has an average rating of “Moderate Buy” and an average price target of $31.14.

Coupang Trading Down 0.6%

CPNG stock opened at $32.12 on Thursday. The stock has a market cap of $58.56 billion, a price-to-earnings ratio of 160.63 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84. Coupang, Inc. has a one year low of $19.02 and a one year high of $32.89. The company has a fifty day moving average price of $29.53 and a two-hundred day moving average price of $26.54.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.34 billion. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’s revenue was up 16.4% compared to the same quarter last year. Equities analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling

In other Coupang news, Director Benjamin Sun sold 815,797 shares of Coupang stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $31.88, for a total value of $26,007,608.36. Following the transaction, the director owned 503,624 shares in the company, valued at $16,055,533.12. The trade was a 61.83% 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, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $29.14, for a total value of $339,568.42. Following the completion of the transaction, the vice president owned 158,676 shares in the company, valued at approximately $4,623,818.64. This represents a 6.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,902,800 shares of company stock worth $310,941,153 over the last three months. Company insiders own 12.78% 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.