XTX Topco Ltd Grows Position in Coupang, Inc. (NYSE:CPNG)

XTX Topco Ltd raised its position in Coupang, Inc. (NYSE:CPNG) by 461.6% in the second quarter, Holdings Channel reports. The fund owned 79,107 shares of the company’s stock after buying an additional 65,020 shares during the period. XTX Topco Ltd’s holdings in Coupang were worth $1,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Coupang by 308.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,470 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in Coupang during the 1st quarter worth about $50,000. Opal Wealth Advisors LLC acquired a new position in shares of Coupang during the 2nd quarter worth about $74,000. V Square Quantitative Management LLC acquired a new position in shares of Coupang during the 2nd quarter worth about $89,000. Finally, Acadian Asset Management LLC boosted its holdings in Coupang by 438.7% in the first quarter. Acadian Asset Management LLC now owns 5,581 shares of the company’s stock valued at $99,000 after purchasing an additional 4,545 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and boosted their price target for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. Morgan Stanley lifted their price objective on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

Coupang Stock Performance

NYSE:CPNG opened at $24.21 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. The firm has a market cap of $43.28 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 171.76 and a beta of 1.10. The firm’s fifty day moving average price is $21.98 and its 200 day moving average price is $21.28. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $24.74.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. The business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.39 billion. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. On average, sell-side analysts expect that Coupang, Inc. will post 0.14 EPS for the current year.

Insider Buying and Selling at Coupang

In other news, insider Pranam Kolari sold 10,432 shares of the 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 completion of the transaction, the insider now directly owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Pranam Kolari sold 10,432 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were 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 of the company’s stock, valued at approximately $3,390,084.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 150,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $22.64 per share, with a total value of $3,396,000.00. Following the acquisition, the director now directly owns 49,874,924 shares in the company, valued at $1,129,168,279.36. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 601,300 shares of company stock valued at $13,604,354 and have sold 410,432 shares valued at $9,429,597. 13.60% of the stock is owned by corporate 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.