Coupang, Inc. (NYSE:CPNG) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its holdings in Coupang, Inc. (NYSE:CPNG) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,396 shares of the company’s stock after purchasing an additional 4,470 shares during the period. Exchange Traded Concepts LLC’s holdings in Coupang were worth $3,987,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Lake Hills Wealth Management LLC purchased a new stake in Coupang in the 1st quarter valued at about $185,000. Optimum Investment Advisors purchased a new stake in Coupang in the first quarter valued at approximately $148,000. FCF Advisors LLC acquired a new position in Coupang during the first quarter worth approximately $2,929,000. Global Assets Advisory LLC purchased a new position in Coupang during the first quarter worth approximately $326,000. Finally, Ignite Planners LLC boosted its holdings in shares of Coupang by 7.1% in the 1st quarter. Ignite Planners LLC now owns 19,959 shares of the company’s stock valued at $363,000 after purchasing an additional 1,316 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coupang

In other Coupang news, insider Pranam Kolari sold 10,432 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $19.90, for a total transaction of $207,596.80. Following the completion of the sale, the insider now owns 170,356 shares in the company, valued at $3,390,084.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Coupang news, insider Pranam Kolari sold 10,432 shares of the 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 directly owns 170,356 shares in the company, valued at $3,390,084.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Greenoaks Capital Partners Llc acquired 150,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $22.64 per share, with a total value of $3,396,000.00. Following the completion of the acquisition, the director now owns 49,874,924 shares in the company, valued at $1,129,168,279.36. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 601,300 shares of company stock valued at $13,604,354 and have sold 411,388 shares valued at $9,452,761. Corporate insiders own 13.60% of the company’s stock.

Coupang Stock Up 0.7 %

Shares of NYSE:CPNG opened at $25.70 on Monday. The company has a market capitalization of $46.10 billion, a price-to-earnings ratio of 44.31, a price-to-earnings-growth ratio of 282.07 and a beta of 1.11. The company has a 50 day moving average of $23.43 and a two-hundred day moving average of $22.08. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $26.28. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.72.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.39 billion. During the same period last year, the business earned $0.08 EPS. The business’s revenue was up 25.4% on a year-over-year basis. As a group, analysts forecast that Coupang, Inc. will post 0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPNG has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, October 7th. Morgan Stanley raised 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. Finally, CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and boosted their target price for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

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.