Coupang, Inc. $CPNG Shares Sold by AMS Capital Ltda

AMS Capital Ltda lessened its stake in Coupang, Inc. (NYSE:CPNG) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 407,493 shares of the company’s stock after selling 54,137 shares during the period. Coupang comprises about 4.6% of AMS Capital Ltda’s portfolio, making the stock its 8th biggest position. AMS Capital Ltda’s holdings in Coupang were worth $12,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPNG. Dodge & Cox raised its holdings in Coupang by 14.3% during the 2nd quarter. Dodge & Cox now owns 46,614,520 shares of the company’s stock worth $1,396,571,000 after purchasing an additional 5,829,600 shares during the last quarter. Durable Capital Partners LP lifted its holdings in Coupang by 7.5% in the second quarter. Durable Capital Partners LP now owns 24,743,982 shares of the company’s stock valued at $741,330,000 after buying an additional 1,734,980 shares during the period. Norges Bank bought a new stake in Coupang during the second quarter valued at $587,186,000. Holocene Advisors LP grew its holdings in Coupang by 24.5% during the 2nd quarter. Holocene Advisors LP now owns 15,689,845 shares of the company’s stock worth $470,068,000 after acquiring an additional 3,083,854 shares during the period. Finally, State Street Corp raised its position in shares of Coupang by 8.4% in the 2nd quarter. State Street Corp now owns 15,641,775 shares of the company’s stock worth $468,628,000 after acquiring an additional 1,210,801 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPNG. Morgan Stanley lifted their target price on Coupang from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Bank of America raised their price target on shares of Coupang from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Mizuho increased their price objective on shares of Coupang from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Coupang in a report on Wednesday, October 8th. Finally, Arete Research began coverage on shares of Coupang in a research note on Thursday, September 18th. They set a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.38.

Coupang Stock Performance

NYSE CPNG opened at $25.61 on Friday. Coupang, Inc. has a 1 year low of $19.02 and a 1 year high of $34.08. The company’s 50 day simple moving average is $29.43 and its two-hundred day simple moving average is $29.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.06 and a quick ratio of 0.82. The stock has a market capitalization of $46.78 billion, a PE ratio of 121.96 and a beta of 1.18.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.13 billion. Coupang had a return on equity of 6.95% and a net margin of 1.16%.The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. Analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 11,653 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $31.98, for a total value of $372,662.94. Following the transaction, the vice president owned 147,023 shares of the company’s stock, valued at $4,701,795.54. This represents a 7.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.78% of the company’s stock.

About Coupang

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.