Point72 DIFC Ltd Makes New $614,000 Investment in Coupang, Inc. (NYSE:CPNG)

Point72 DIFC Ltd bought a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 24,995 shares of the company's stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPNG. GAMMA Investing LLC grew its stake in shares of Coupang by 308.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company's stock valued at $41,000 after acquiring an additional 1,470 shares during the period. CWM LLC lifted its holdings in Coupang by 1.9% in the 2nd quarter. CWM LLC now owns 134,844 shares of the company's stock worth $2,825,000 after purchasing an additional 2,481 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Coupang in the 2nd quarter worth approximately $74,000. SG Americas Securities LLC purchased a new stake in Coupang during the 2nd quarter valued at approximately $175,000. Finally, Ignite Planners LLC lifted its holdings in shares of Coupang by 10.3% in the second quarter. Ignite Planners LLC now owns 22,009 shares of the company's stock worth $477,000 after buying an additional 2,050 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Trading Down 0.6 %

Shares of CPNG traded down $0.14 during trading hours on Friday, reaching $23.90. 5,113,763 shares of the company traded hands, compared to its average volume of 9,724,256. The stock's fifty day moving average price is $25.04 and its 200 day moving average price is $23.09. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm has a market cap of $42.98 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 215.30 and a beta of 1.07. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $26.91.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company's quarterly revenue was up 27.2% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. Sell-side analysts forecast that Coupang, Inc. will post 0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. CLSA upgraded shares of Coupang from a "hold" rating to an "outperform" rating and lifted their price target for the company from $18.00 to $31.00 in a report on Wednesday, September 4th. Sanford C. Bernstein raised shares of Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 target price for the company in a report on Monday, October 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and a consensus target price of $27.56.

Insiders Place Their Bets

In other news, Director Greenoaks Capital Partners Llc acquired 750,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $24.01 per share, with a total value of $18,007,500.00. Following the transaction, the director now directly owns 52,038,723 shares in the company, valued at approximately $1,249,449,739.23. This represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction on Monday, November 11th. The stock was 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 directly owns 2,000,000 shares in the company, valued at $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.60% of the company's stock.

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.