Svf Investments (Uk) Ltd Sells 30,000,000 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 319,542,259 shares in the company, valued at $8,228,213,169.25. The trade was a 8.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Coupang Price Performance

Shares of CPNG opened at $26.58 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $22.73 and its 200 day simple moving average is $23.43. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $27.03. The company has a market cap of $47.99 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 52.20 and a beta of 1.08.

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

Hedge Funds Weigh In On Coupang

A number of hedge funds and other institutional investors have recently bought and sold shares of CPNG. Price T Rowe Associates Inc. MD lifted its position in shares of Coupang by 29.2% in the fourth 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 last quarter. FMR LLC raised its stake in Coupang by 9.1% in the 4th quarter. FMR LLC now owns 29,619,581 shares of the company’s stock valued at $651,038,000 after acquiring an additional 2,465,973 shares during the period. Durable Capital Partners LP raised its stake in Coupang by 13.6% in the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock valued at $629,426,000 after acquiring an additional 3,420,133 shares during the period. Dragoneer Investment Group LLC lifted its holdings in Coupang by 9.0% during the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company’s stock valued at $451,497,000 after purchasing an additional 1,690,826 shares during the last quarter. Finally, Dodge & Cox boosted its position in Coupang by 0.6% during the fourth 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. Institutional investors own 83.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho raised shares of Coupang to a “hold” rating in a research note on Friday, April 18th. Barclays lifted their price target on shares of Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, 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 note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Coupang currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

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.