CHURCHILL MANAGEMENT Corp Has $2.31 Million Stock Holdings in Coupang, Inc. $CPNG

CHURCHILL MANAGEMENT Corp trimmed its stake in shares of Coupang, Inc. (NYSE:CPNG) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,250 shares of the company’s stock after selling 911 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Coupang were worth $2,314,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CPNG. Dodge & Cox boosted its holdings in shares of Coupang by 101.6% during the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock worth $894,413,000 after buying an additional 20,555,600 shares during the period. GQG Partners LLC acquired a new stake in Coupang during the first quarter worth approximately $168,127,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Coupang by 436.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company’s stock worth $190,497,000 after acquiring an additional 7,067,830 shares during the period. Nuveen LLC acquired a new position in shares of Coupang in the first quarter valued at approximately $75,775,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of Coupang by 204.7% during the first quarter. Assenagon Asset Management S.A. now owns 3,352,002 shares of the company’s stock worth $73,509,000 after purchasing an additional 2,251,819 shares during the period. 83.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Nomura upgraded Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, August 6th. Arete Research began coverage on shares of Coupang in a research note on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target on the stock. Nomura Securities upgraded shares of Coupang to a “strong-buy” rating in a research note on Wednesday, August 6th. Arete started coverage on shares of Coupang in a report on Thursday, September 18th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of Coupang from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Coupang currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Coupang Trading Up 0.9%

CPNG opened at $32.48 on Thursday. The stock has a market capitalization of $59.21 billion, a price-to-earnings ratio of 162.40 and a beta of 1.18. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. Coupang, Inc. has a twelve month low of $19.02 and a twelve month high of $34.08. The company has a 50-day simple moving average of $30.14 and a 200 day simple moving average of $27.51.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, August 5th. The company reported $0.02 EPS 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 firm had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.34 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Coupang’s quarterly revenue was up 16.4% compared to the same quarter last year. Analysts predict that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity

In other Coupang news, Director Benjamin Sun sold 815,797 shares of the firm’s stock in a transaction on 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 sale, the director owned 503,624 shares of the company’s stock, valued at approximately $16,055,533.12. This trade represents a 61.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Pedro Franceschi sold 21,428 shares of Coupang stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $32.05, for a total value of $686,767.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 988,983 shares of company stock valued at $31,203,966. Corporate 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.