Natixis Advisors LLC Purchases New Holdings in Coupang, Inc. (NYSE:CPNG)

Natixis Advisors LLC acquired a new position in Coupang, Inc. (NYSE:CPNG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 555,964 shares of the company’s stock, valued at approximately $11,647,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bain Capital Public Equity Management II LLC bought a new stake in shares of Coupang in the 4th quarter worth approximately $18,850,000. Nebula Research & Development LLC grew its stake in shares of Coupang by 220.4% during the 4th quarter. Nebula Research & Development LLC now owns 98,140 shares of the company’s stock worth $1,589,000 after acquiring an additional 67,509 shares during the period. Kontiki Capital Management HK Ltd. increased its holdings in Coupang by 3.5% in the 4th quarter. Kontiki Capital Management HK Ltd. now owns 8,533,568 shares of the company’s stock worth $138,158,000 after acquiring an additional 287,000 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. raised its stake in Coupang by 49.0% in the 4th quarter. Tree Line Advisors Hong Kong Ltd. now owns 2,980,000 shares of the company’s stock valued at $48,246,000 after acquiring an additional 980,000 shares during the period. Finally, Bleakley Financial Group LLC lifted its holdings in Coupang by 17.9% during the first quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock valued at $318,000 after purchasing an additional 2,710 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of recent research reports. Barclays upped their price target on shares of Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. UBS Group raised Coupang from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.50 to $26.00 in a report on Thursday, May 16th. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and boosted their price objective for the company from $18.00 to $31.00 in a research note on Wednesday. Finally, Morgan Stanley raised their target price on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.25.

Coupang Stock Performance

NYSE:CPNG opened at $23.34 on Friday. The stock has a market cap of $41.73 billion, a P/E ratio of 33.34, a PEG ratio of 877.23 and a beta of 1.09. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $21.57 and its two-hundred day moving average price is $20.85. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $23.99.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating 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 business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same period last year, the firm posted $0.08 earnings per share. Coupang’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, equities analysts predict that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Insider Transactions at Coupang

In related 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 value of $14,441,000.00. Following the transaction, the director now owns 2,169,421 shares of the company’s stock, valued at $44,755,155.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Coupang news, Director Benjamin Sun sold 700,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $20.63, for a total value of $14,441,000.00. Following the completion of the sale, the director now owns 2,169,421 shares of the company’s stock, valued at $44,755,155.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pranam Kolari sold 10,432 shares of Coupang stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $19.90, for a total transaction of $207,596.80. Following the transaction, the insider now directly owns 170,356 shares in the company, valued at $3,390,084.40. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 601,300 shares of company stock valued at $13,604,354 and sold 1,110,432 shares valued at $23,870,597. 13.60% of the stock is currently owned by insiders.

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.