Coupang, Inc. (NYSE:CPNG) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC reduced its stake in shares of Coupang, Inc. (NYSE:CPNG) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,169 shares of the company’s stock after selling 6,863 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Coupang were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CPNG. Pacer Advisors Inc. grew its holdings in shares of Coupang by 4.1% in the 4th quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock worth $253,000 after acquiring an additional 452 shares during the period. Ignite Planners LLC boosted its position in Coupang by 2.5% during the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock worth $452,000 after purchasing an additional 483 shares in the last quarter. Van ECK Associates Corp grew its holdings in Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after purchasing an additional 484 shares during the last quarter. Covestor Ltd increased its position in shares of Coupang by 10.4% in the third quarter. Covestor Ltd now owns 6,479 shares of the company’s stock valued at $159,000 after buying an additional 612 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Coupang by 2.2% during the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock worth $850,000 after buying an additional 747 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Price Performance

NYSE:CPNG opened at $24.01 on Thursday. Coupang, Inc. has a 12-month low of $13.67 and a 12-month high of $26.91. The firm has a market cap of $43.18 billion, a price-to-earnings ratio of 42.12, a price-to-earnings-growth ratio of 42.58 and a beta of 1.11. The company’s 50-day moving average is $23.01 and its two-hundred day moving average is $23.46. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $7.87 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.05 earnings per share. Research analysts expect that Coupang, Inc. will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have given 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 related news, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Greenoaks Capital Partners Llc purchased 750,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $24.01 per share, for a total transaction of $18,007,500.00. Following the purchase, the director now owns 52,038,723 shares of the company’s stock, valued at $1,249,449,739.23. This trade represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 15,009,234 shares of company stock valued at $344,761,515 in the last quarter. 13.60% of the stock is currently owned by company insiders.

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.