XTX Topco Ltd Boosts Stake in Coupang, Inc. (NYSE:CPNG)

XTX Topco Ltd increased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 461.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,107 shares of the company’s stock after acquiring an additional 65,020 shares during the quarter. XTX Topco Ltd’s holdings in Coupang were worth $1,657,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. WCM Investment Management LLC boosted its holdings in shares of Coupang by 2,250.9% during the 1st quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company’s stock worth $799,242,000 after purchasing an additional 43,015,433 shares during the last quarter. Baillie Gifford & Co. lifted its position in Coupang by 15.9% during the first quarter. Baillie Gifford & Co. now owns 168,600,998 shares of the company’s stock worth $2,999,412,000 after buying an additional 23,076,870 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Coupang by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock worth $1,403,015,000 after buying an additional 18,894,909 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Coupang by 2,570.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,049,227 shares of the company’s stock valued at $42,931,000 after buying an additional 1,972,476 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Coupang by 55.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,524,994 shares of the company’s stock valued at $94,799,000 after buying an additional 1,615,448 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the acquisition, the director now owns 50,476,224 shares of the company’s stock, valued at $1,158,429,340.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Coupang news, insider Pranam Kolari sold 10,432 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $19.90, for a total value of $207,596.80. Following the completion of the transaction, the insider now owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the transaction, the director now directly owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 601,300 shares of company stock worth $13,604,354 and sold 410,432 shares worth $9,429,597. Company insiders own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

CPNG has been the topic of several recent research reports. Morgan Stanley boosted their price target on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and boosted their target price for the company from $18.00 to $31.00 in a report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Coupang Trading Up 0.1 %

Shares of CPNG stock opened at $24.21 on Friday. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $24.74. The firm has a market cap of $43.28 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 171.76 and a beta of 1.10. The company has a 50-day moving average of $21.98 and a two-hundred day moving average of $21.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The firm had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter last year, the company posted $0.08 EPS. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. On average, analysts predict that Coupang, Inc. will post 0.14 EPS for the current 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.