Williams Financial LLC Purchases Shares of 10,328 Coupang, Inc. (NYSE:CPNG)

Williams Financial LLC acquired a new position in Coupang, Inc. (NYSE:CPNG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,328 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors have also modified their holdings of CPNG. Baillie Gifford & Co. lifted its position in shares of Coupang by 15.9% during the 1st quarter. Baillie Gifford & Co. now owns 168,600,998 shares of the company’s stock valued at $2,999,412,000 after acquiring an additional 23,076,870 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Coupang by 31.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock worth $1,403,015,000 after purchasing an additional 18,894,909 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Coupang by 2,250.9% during the first quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company’s stock valued at $799,242,000 after purchasing an additional 43,015,433 shares during the last quarter. Norges Bank acquired a new position in shares of Coupang in the 4th quarter valued at $250,714,000. Finally, Sands Capital Management LLC increased its stake in Coupang by 0.7% in the 4th quarter. Sands Capital Management LLC now owns 14,440,552 shares of the company’s stock worth $233,793,000 after purchasing an additional 98,043 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Performance

CPNG stock traded up $0.05 during midday trading on Friday, hitting $22.45. 7,597,090 shares of the company traded hands, compared to its average volume of 10,813,128. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $23.77. The stock has a market capitalization of $40.14 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth 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. The business has a 50 day simple moving average of $21.19 and a 200-day simple moving average of $20.14.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating 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 net margin of 4.96% and a return on equity of 13.59%. Coupang’s revenue was up 25.4% compared to the same quarter last year. During the same period last year, the business posted $0.08 EPS. As a group, equities research analysts predict that Coupang, Inc. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Coupang news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $22.39 per share, for a total transaction of $2,239,000.00. Following the purchase, the director now owns 50,376,224 shares in the company, valued at approximately $1,127,923,655.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Greenoaks Capital Partners Llc bought 100,000 shares of Coupang stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $22.39 per share, for a total transaction of $2,239,000.00. Following the purchase, the director now owns 50,376,224 shares of the company’s stock, valued at $1,127,923,655.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pranam Kolari sold 6,490 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $22.93, for a total transaction of $148,815.70. Following the completion of the transaction, the insider now owns 181,461 shares in the company, valued at $4,160,900.73. The disclosure for this sale can be found here. Over the last three months, insiders have bought 501,300 shares of company stock valued at $11,309,354 and have sold 956,922 shares valued at $20,267,413. 13.60% of the stock is 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.