Wellington Management Group LLP Reduces Stock Position in Coupang, Inc. (NYSE:CPNG)

Wellington Management Group LLP lessened its holdings in Coupang, Inc. (NYSE:CPNG) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,709,164 shares of the company’s stock after selling 1,722,760 shares during the quarter. Wellington Management Group LLP owned approximately 1.55% of Coupang worth $448,611,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in Coupang by 25.3% in the third quarter. Ameriprise Financial Inc. now owns 3,054,223 shares of the company’s stock valued at $51,922,000 after buying an additional 616,210 shares during the last quarter. Bain Capital Public Equity Management II LLC purchased a new position in shares of Coupang during the fourth quarter worth about $18,850,000. Twenty Acre Capital LP grew its holdings in shares of Coupang by 23.5% during the fourth quarter. Twenty Acre Capital LP now owns 505,914 shares of the company’s stock worth $8,191,000 after purchasing an additional 96,300 shares during the last quarter. Nebula Research & Development LLC grew its holdings in shares of Coupang by 220.4% during the fourth quarter. Nebula Research & Development LLC now owns 98,140 shares of the company’s stock worth $1,589,000 after purchasing an additional 67,509 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. grew its holdings in shares of Coupang by 3.5% during the fourth quarter. Kontiki Capital Management HK Ltd. now owns 8,533,568 shares of the company’s stock worth $138,158,000 after purchasing an additional 287,000 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Price Performance

Shares of CPNG opened at $21.40 on Monday. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $23.77. The company has a market capitalization of $38.26 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 8.79 and a beta of 1.12. The firm has a 50-day simple moving average of $22.15 and a 200-day simple moving average of $18.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.89 and a current ratio of 1.15.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $7.11 billion during the quarter, compared to analyst estimates of $6.95 billion. Coupang had a net margin of 4.96% and a return on equity of 13.59%. Coupang’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. On average, equities research analysts anticipate that Coupang, Inc. will post 0.13 earnings per share for the current year.

Insider Activity at Coupang

In related news, insider Pranam Kolari sold 2,048 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total value of $45,752.32. Following the completion of the sale, the insider now owns 187,951 shares in the company, valued at $4,198,825.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Coupang news, Director Hanseung Kang sold 40,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $23.00, for a total value of $920,000.00. Following the completion of the transaction, the director now directly owns 544,478 shares of the company’s stock, valued at $12,522,994. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Pranam Kolari sold 2,048 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the completion of the transaction, the insider now directly owns 187,951 shares of the company’s stock, valued at $4,198,825.34. The disclosure for this sale can be found here. Insiders sold a total of 53,538 shares of company stock worth $1,221,818 over the last 90 days. Company insiders own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CPNG shares. Citigroup raised their price objective on Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and raised their price objective for the stock from $18.50 to $21.00 in a report on Thursday, February 29th. Bank of America started coverage on Coupang in a report on Friday, May 3rd. They set a “buy” rating and a $30.00 price objective on the stock. Mizuho raised their price objective on Coupang from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Finally, UBS Group raised Coupang from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.50 to $26.00 in a report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

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.