Itau Unibanco Holding S.A. Buys New Stake in Coupang, Inc. (NYSE:CPNG)

Itau Unibanco Holding S.A. acquired a new position in Coupang, Inc. (NYSE:CPNG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 45,397 shares of the company's stock, valued at approximately $951,000.

Several other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its stake in Coupang by 1.6% in the second quarter. Baillie Gifford & Co. now owns 171,350,025 shares of the company's stock worth $3,589,783,000 after purchasing an additional 2,749,027 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 acquiring an additional 18,894,909 shares during the period. WCM Investment Management LLC increased its position in shares of Coupang by 2,250.9% during the first quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company's stock worth $799,242,000 after acquiring an additional 43,015,433 shares during the period. Sands Capital Management LLC increased its holdings in Coupang by 0.7% during the fourth quarter. Sands Capital Management LLC now owns 14,440,552 shares of the company's stock valued at $233,793,000 after buying an additional 98,043 shares during the period. Finally, Foxhaven Asset Management LP increased its holdings in Coupang by 8.0% during the fourth quarter. Foxhaven Asset Management LP now owns 12,272,369 shares of the company's stock valued at $198,690,000 after buying an additional 904,065 shares during the period. Institutional investors own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CPNG shares. 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 report on Wednesday, June 26th. CLSA raised shares of Coupang from a "hold" rating to an "outperform" rating and lifted their price objective for the company from $18.00 to $31.00 in a report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.25.

Insider Transactions at Coupang

In related news, Director Greenoaks Capital Partners Llc acquired 251,300 shares of the stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $22.58 per share, for a total transaction of $5,674,354.00. Following the completion of the purchase, the director now owns 50,126,224 shares of the company's stock, valued at approximately $1,131,850,137.92. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Greenoaks Capital Partners Llc acquired 251,300 shares of the stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $22.58 per share, for a total transaction of $5,674,354.00. Following the completion of the purchase, the director now owns 50,126,224 shares of the company's stock, valued at approximately $1,131,850,137.92. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Pranam Kolari sold 10,432 shares of the business'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 owns 170,356 shares of the company's stock, valued at $3,390,084.40. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 601,300 shares of company stock worth $13,604,354 and sold 410,432 shares worth $9,429,597. Insiders own 13.60% of the company's stock.

Coupang Stock Up 1.6 %

CPNG traded up $0.38 during trading on Friday, hitting $24.58. The stock had a trading volume of 6,293,751 shares, compared to its average volume of 10,248,540. The company has a market capitalization of $43.95 billion, a PE ratio of 35.11, a PEG ratio of 171.76 and a beta of 1.10. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $24.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 1.12. The stock has a 50 day simple moving average of $22.08 and a two-hundred day simple moving average of $21.36.

Coupang (NYSE:CPNG - Get Free Report) last announced 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. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same period last year, the firm earned $0.08 earnings per share. Coupang's revenue was up 25.4% compared to the same quarter last year. On average, research analysts predict that Coupang, Inc. will post 0.14 earnings per share for the current year.

Coupang 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.