Coupang, Inc. (NYSE:CPNG) Shares Purchased by Deuterium Capital Management LLC

Deuterium Capital Management LLC boosted its holdings in Coupang, Inc. (NYSE:CPNG) by 25.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,500 shares of the company’s stock after buying an additional 2,500 shares during the period. Deuterium Capital Management LLC’s holdings in Coupang were worth $222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC raised its position in shares of Coupang by 0.6% in the 1st quarter. Summit Trail Advisors LLC now owns 71,576 shares of the company’s stock worth $1,273,000 after buying an additional 462 shares during the period. Private Advisor Group LLC lifted its stake in shares of Coupang by 1.6% in the 4th quarter. Private Advisor Group LLC now owns 47,052 shares of the company’s stock valued at $762,000 after purchasing an additional 760 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Coupang by 135.8% during the 1st quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock worth $26,000 after purchasing an additional 827 shares during the period. Raymond James & Associates raised its holdings in Coupang by 1.2% in the fourth quarter. Raymond James & Associates now owns 87,812 shares of the company’s stock valued at $1,422,000 after buying an additional 1,031 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its position in Coupang by 1.5% during the fourth quarter. Johnson Investment Counsel Inc. now owns 73,612 shares of the company’s stock valued at $1,192,000 after buying an additional 1,080 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

Shares of Coupang stock traded up $0.20 during trading on Friday, hitting $21.82. 4,210,726 shares of the stock were exchanged, compared to its average volume of 11,391,999. 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, Inc. has a 12 month low of $13.51 and a 12 month high of $23.77. The stock’s fifty day moving average is $21.89 and its 200 day moving average is $19.11. The stock has a market cap of $39.01 billion, a PE ratio of 31.16, a P/E/G ratio of 45.66 and a beta of 1.09.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Coupang had a net margin of 4.96% and a return on equity of 13.59%. The business had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $6.95 billion. During the same period last year, the firm posted $0.05 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Coupang, Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CPNG shares. UBS Group upgraded Coupang from a “neutral” rating to a “buy” rating and increased their target price for the company from $18.50 to $26.00 in a research note on Thursday, May 16th. Bank of America began coverage on shares of Coupang in a research note on Friday, May 3rd. They set a “buy” rating and a $30.00 price objective on the stock. Barclays boosted their target price on shares of Coupang from $25.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Mizuho raised their price target on shares of Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Finally, Citigroup boosted their price objective on shares of Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Coupang presently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Insider Transactions at Coupang

In other Coupang news, Director Benjamin Sun sold 700,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the completion of the transaction, the director now directly owns 2,169,421 shares of the company’s stock, valued at approximately $44,755,155.23. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Benjamin Sun sold 700,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $20.63, for a total value of $14,441,000.00. Following the sale, the director now directly owns 2,169,421 shares in the company, valued at approximately $44,755,155.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greenoaks Capital Partners Llc bought 500,000 shares of the stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of $22.06 per share, for a total transaction of $11,030,000.00. Following the purchase, the director now owns 48,626,374 shares in the company, valued at $1,072,697,810.44. The disclosure for this purchase can be found here. In the last three months, insiders sold 753,538 shares of company stock valued at $15,662,818. Company insiders own 13.60% 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.