39,284 Shares in Coupang, Inc. (NYSE:CPNG) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,284 shares of the company’s stock, valued at approximately $863,000.

A number of other large investors have also recently bought and sold shares of the business. Wingate Wealth Advisors Inc. purchased a new position in Coupang during the 4th quarter worth $26,000. Berbice Capital Management LLC purchased a new position in Coupang during the 4th quarter worth $31,000. Itau Unibanco Holding S.A. raised its position in Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock worth $43,000 after buying an additional 1,640 shares during the last quarter. Allworth Financial LP raised its position in Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after buying an additional 1,986 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in Coupang by 142.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company’s stock worth $53,000 after buying an additional 1,429 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade represents a 12.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $772,500,000.00. Following the transaction, the insider now owns 319,542,259 shares of the company’s stock, valued at $8,228,213,169.25. This trade represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,259,347 shares of company stock worth $778,580,426. 13.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Mizuho upgraded shares of Coupang to a “hold” rating in a research report on Friday, April 18th. Finally, Barclays upped their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

Coupang Stock Performance

Shares of CPNG opened at $26.58 on Wednesday. The company has a 50-day simple moving average of $22.73 and a 200-day simple moving average of $23.43. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $47.99 billion, a PE ratio of 46.63, a P/E/G ratio of 52.20 and a beta of 1.08. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $27.03.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company’s revenue was up 11.2% on a year-over-year basis. Equities research analysts predict that Coupang, Inc. will post 0.17 earnings per share 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.