Mezzasalma Advisors LLC Trims Position in Coupang, Inc. (NYSE:CPNG)

Mezzasalma Advisors LLC decreased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 33.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,370 shares of the company’s stock after selling 12,050 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Coupang were worth $434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arcus Capital Partners LLC acquired a new stake in Coupang in the 1st quarter worth about $487,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Coupang by 10.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 372,547 shares of the company’s stock worth $6,628,000 after acquiring an additional 35,703 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Coupang in the first quarter worth approximately $264,000. Hennion & Walsh Asset Management Inc. grew its holdings in Coupang by 87.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 20,286 shares of the company’s stock valued at $361,000 after purchasing an additional 9,480 shares during the period. Finally, Register Financial Advisors LLC acquired a new position in Coupang during the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other Coupang news, insider Pranam Kolari sold 2,048 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the transaction, the insider now directly owns 187,951 shares of the company’s stock, valued at approximately $4,198,825.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Jonathan D. Lee sold 5,000 shares of Coupang stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $21.45, for a total value of $107,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 120,835 shares in the company, valued at $2,591,910.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pranam Kolari sold 2,048 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total value of $45,752.32. Following the sale, the insider now owns 187,951 shares in the company, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 753,538 shares of company stock valued at $15,662,818. 13.60% of the stock is currently owned by insiders.

Coupang Stock Up 0.0 %

NYSE CPNG traded up $0.01 on Thursday, reaching $20.91. The company had a trading volume of 3,354,089 shares, compared to its average volume of 7,248,289. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $23.77. The firm has a 50-day moving average of $22.03 and a 200-day moving average of $18.88. The firm has a market capitalization of $37.39 billion, a PE ratio of 29.87, a P/E/G ratio of 44.66 and a beta of 1.09.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coupang had a net margin of 4.96% and a return on equity of 13.59%. The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $6.95 billion. During the same quarter last year, the company posted $0.05 earnings per share. Coupang’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities research analysts anticipate that Coupang, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on CPNG shares. Morgan Stanley upped their price objective on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. Bank of America assumed coverage on Coupang in a report on Friday, May 3rd. They issued a “buy” rating and a $30.00 price objective on the stock. UBS Group upgraded Coupang from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.50 to $26.00 in a report on Thursday, May 16th. Barclays raised their price target on shares of Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Finally, Mizuho lifted their price target on shares of Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Coupang has an average rating of “Moderate Buy” and a consensus target price of $26.71.

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.