Coupang, Inc. (NYSE:CPNG) Shares Acquired by Investment House LLC

Investment House LLC increased its stake in Coupang, Inc. (NYSE:CPNG) by 6.6% during the second quarter, HoldingsChannel.com reports. The fund owned 51,850 shares of the company’s stock after buying an additional 3,200 shares during the period. Investment House LLC’s holdings in Coupang were worth $1,086,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Global Retirement Partners LLC grew its holdings in shares of Coupang by 135.8% during the first quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock valued at $26,000 after buying an additional 827 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Coupang by 308.2% during the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after buying an additional 1,470 shares in the last quarter. Register Financial Advisors LLC purchased a new position in shares of Coupang during the first quarter valued at $50,000. Opal Wealth Advisors LLC purchased a new position in shares of Coupang during the second quarter valued at $74,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Coupang during the second quarter valued at $89,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Price Performance

CPNG stock traded up $0.05 during midday trading on Wednesday, reaching $22.84. 7,011,315 shares of the company’s stock traded hands, compared to its average volume of 10,760,416. The company has a 50-day simple moving average of $21.23 and a two-hundred day simple moving average of $20.27. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $23.77. The company has a market cap of $40.84 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 2,041.58 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.67.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The firm 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%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. On average, analysts anticipate that Coupang, Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CPNG. Barclays lifted their price objective on Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Citigroup lifted their price objective on Coupang from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Bank of America began coverage on Coupang in a research report on Friday, May 3rd. They set a “buy” rating and a $30.00 price objective for the company. Morgan Stanley lifted their price objective on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Finally, UBS Group raised Coupang from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.50 to $26.00 in a research report on Thursday, May 16th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.71.

Insider Transactions at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc bought 100,000 shares of Coupang stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $22.39 per share, for a total transaction of $2,239,000.00. Following the completion of the acquisition, the director now owns 50,376,224 shares in the company, valued at approximately $1,127,923,655.36. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Coupang news, Director Benjamin Sun sold 700,000 shares of Coupang stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $20.63, for a total value of $14,441,000.00. Following the sale, the director now owns 2,169,421 shares of the company’s stock, valued at approximately $44,755,155.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greenoaks Capital Partners Llc bought 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of $22.39 per share, for a total transaction of $2,239,000.00. Following the transaction, the director now owns 50,376,224 shares of the company’s stock, valued at approximately $1,127,923,655.36. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 501,300 shares of company stock worth $11,309,354 and have sold 950,432 shares worth $20,118,597. 13.60% of the stock is owned by corporate insiders.

Coupang Company 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.