Cwm LLC Acquires 2,481 Shares of Coupang, Inc. (NYSE:CPNG)

Cwm LLC boosted its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,844 shares of the company’s stock after purchasing an additional 2,481 shares during the quarter. Cwm LLC’s holdings in Coupang were worth $2,825,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Summit Trail Advisors LLC boosted its stake in Coupang by 0.6% during the 1st quarter. Summit Trail Advisors LLC now owns 71,576 shares of the company’s stock valued at $1,273,000 after purchasing an additional 462 shares during the period. Private Advisor Group LLC raised its holdings in Coupang by 1.6% in the 4th quarter. Private Advisor Group LLC now owns 47,052 shares of the company’s stock valued at $762,000 after acquiring an additional 760 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Coupang by 135.8% in the 1st quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock valued at $26,000 after acquiring an additional 827 shares in the last quarter. Raymond James & Associates raised its holdings in Coupang by 1.2% in the 4th quarter. Raymond James & Associates now owns 87,812 shares of the company’s stock valued at $1,422,000 after acquiring an additional 1,031 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in Coupang by 1.5% in the 4th quarter. Johnson Investment Counsel Inc. now owns 73,612 shares of the company’s stock valued at $1,192,000 after acquiring an additional 1,080 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In other news, Director Greenoaks Capital Partners Llc acquired 500,000 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $22.06 per share, for a total transaction of $11,030,000.00. Following the transaction, the director now owns 48,626,374 shares of the company’s stock, valued at $1,072,697,810.44. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Greenoaks Capital Partners Llc purchased 500,000 shares of Coupang stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $22.06 per share, for a total transaction of $11,030,000.00. Following the transaction, the director now directly owns 48,626,374 shares of the company’s stock, valued at $1,072,697,810.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hanseung Kang sold 40,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $23.00, for a total value of $920,000.00. Following the completion of the transaction, the director now owns 544,478 shares in the company, valued at $12,522,994. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 756,922 shares of company stock worth $15,717,413. Insiders own 13.60% of the company’s stock.

Coupang Price Performance

NYSE CPNG traded up $0.66 during trading hours on Thursday, reaching $21.87. 2,829,878 shares of the company’s stock were exchanged, compared to its average volume of 10,832,910. The stock has a market cap of $39.10 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 2,041.58 and a beta of 1.09. Coupang, Inc. has a one year low of $13.51 and a one year high of $23.77. The firm has a fifty day moving average of $21.15 and a 200-day moving average of $19.71. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.67.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. Coupang had a return on equity of 13.59% and a net margin of 4.96%. Coupang’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. On average, equities research analysts predict that Coupang, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPNG has been the subject of several recent research reports. Morgan Stanley upped their price target on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Citigroup increased their target price on Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Bank of America initiated coverage on Coupang in a report on Friday, May 3rd. They issued a “buy” rating and a $30.00 target price for the company. Barclays increased their target price on Coupang from $25.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. Finally, Mizuho increased their target price on Coupang from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.71.

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.