Deepwater Asset Management LLC Has $13.14 Million Stake in Coupang, Inc. (NYSE:CPNG)

Deepwater Asset Management LLC grew its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 20.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 811,885 shares of the company’s stock after acquiring an additional 135,409 shares during the quarter. Coupang comprises approximately 5.2% of Deepwater Asset Management LLC’s holdings, making the stock its 6th largest position. Deepwater Asset Management LLC’s holdings in Coupang were worth $13,144,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CPNG. Baillie Gifford & Co. lifted its holdings in shares of Coupang by 7.7% in the third quarter. Baillie Gifford & Co. now owns 119,681,094 shares of the company’s stock valued at $2,034,579,000 after buying an additional 8,581,404 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Coupang by 9.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,182,527 shares of the company’s stock valued at $834,922,000 after buying an additional 4,587,207 shares during the period. BlackRock Inc. lifted its holdings in shares of Coupang by 205.6% in the second quarter. BlackRock Inc. now owns 33,752,146 shares of the company’s stock valued at $587,287,000 after buying an additional 22,708,662 shares during the period. Duquesne Family Office LLC lifted its holdings in shares of Coupang by 4.4% in the fourth quarter. Duquesne Family Office LLC now owns 20,283,765 shares of the company’s stock valued at $298,374,000 after buying an additional 849,458 shares during the period. Finally, FMR LLC lifted its holdings in shares of Coupang by 2.0% in the third quarter. FMR LLC now owns 19,836,006 shares of the company’s stock valued at $337,212,000 after buying an additional 381,964 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analysts Set New Price Targets

CPNG has been the topic of several research reports. Barclays upped their target price on Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Citigroup lowered Coupang from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $17.00 in a report on Tuesday, January 16th. UBS Group lowered Coupang from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $26.00 to $18.50 in a report on Wednesday, December 20th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and increased their price objective for the company from $18.50 to $21.00 in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.07.

Insider Transactions at Coupang

In other news, insider Pranam Kolari sold 2,356 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $13.88, for a total value of $32,701.28. Following the completion of the transaction, the insider now directly owns 182,844 shares of the company’s stock, valued at approximately $2,537,874.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Tae Jung Kim sold 5,350 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $16.00, for a total transaction of $85,600.00. Following the completion of the sale, the insider now directly owns 248,240 shares of the company’s stock, valued at approximately $3,971,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pranam Kolari sold 2,356 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total value of $32,701.28. Following the sale, the insider now directly owns 182,844 shares of the company’s stock, valued at $2,537,874.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,360,940 shares of company stock valued at $633,529,579. Corporate insiders own 14.90% of the company’s stock.

Coupang Price Performance

Shares of CPNG stock remained flat at $17.60 during mid-day trading on Tuesday. The company’s stock had a trading volume of 9,313,365 shares, compared to its average volume of 12,425,051. The company has a 50 day moving average of $16.39 and a 200 day moving average of $16.55. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $19.99. The company has a market capitalization of $31.56 billion, a price-to-earnings ratio of 23.47 and a beta of 1.33.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The company had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the company earned $0.06 EPS. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Sell-side analysts forecast that Coupang, Inc. will post 0.29 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.