Janus Henderson Group PLC Has $850,000 Position in Coupang, Inc. (NYSE:CPNG)

Janus Henderson Group PLC boosted its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,598 shares of the company’s stock after acquiring an additional 747 shares during the period. Janus Henderson Group PLC’s holdings in Coupang were worth $850,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Baillie Gifford & Co. raised its holdings in shares of Coupang by 1.6% in the 2nd quarter. Baillie Gifford & Co. now owns 171,350,025 shares of the company’s stock worth $3,589,783,000 after acquiring an additional 2,749,027 shares during the last quarter. FMR LLC increased its holdings in Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after purchasing an additional 6,584,910 shares in the last quarter. Dorsal Capital Management LP raised its stake in shares of Coupang by 26.3% in the second quarter. Dorsal Capital Management LP now owns 6,000,000 shares of the company’s stock worth $125,700,000 after purchasing an additional 1,250,000 shares during the last quarter. Coronation Fund Managers Ltd. lifted its holdings in shares of Coupang by 139.1% in the third quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock valued at $118,258,000 after purchasing an additional 2,802,325 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Coupang by 10.7% during the second quarter. Renaissance Technologies LLC now owns 3,589,528 shares of the company’s stock valued at $75,201,000 after buying an additional 347,600 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Coupang news, CEO Bom Kim sold 15,000,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the transaction, the director now owns 52,726,423 shares of the company’s stock, valued at approximately $1,269,652,265.84. This trade represents a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 13.60% of the company’s stock.

Coupang Price Performance

CPNG opened at $23.89 on Friday. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $26.91. The firm has a 50-day moving average of $24.97 and a 200 day moving average of $23.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The firm has a market cap of $42.97 billion, a P/E ratio of 41.91, a PEG ratio of 215.03 and a beta of 1.07.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. On average, research analysts expect that Coupang, Inc. will post 0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Monday, October 7th. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and increased their target price for the company from $18.00 to $31.00 in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

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.