Optimum Investment Advisors Invests $148,000 in Coupang, Inc. (NYSE:CPNG)

Optimum Investment Advisors purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,300 shares of the company’s stock, valued at approximately $148,000.

A number of other hedge funds also recently modified their holdings of the business. Ameriprise Financial Inc. grew its holdings in shares of Coupang by 25.3% during the third quarter. Ameriprise Financial Inc. now owns 3,054,223 shares of the company’s stock worth $51,922,000 after buying an additional 616,210 shares in the last quarter. Bain Capital Public Equity Management II LLC bought a new position in Coupang in the fourth quarter valued at approximately $18,850,000. Twenty Acre Capital LP grew its stake in Coupang by 23.5% in the fourth quarter. Twenty Acre Capital LP now owns 505,914 shares of the company’s stock valued at $8,191,000 after purchasing an additional 96,300 shares in the last quarter. Nebula Research & Development LLC grew its stake in Coupang by 220.4% in the fourth quarter. Nebula Research & Development LLC now owns 98,140 shares of the company’s stock valued at $1,589,000 after purchasing an additional 67,509 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. grew its stake in Coupang by 3.5% in the fourth quarter. Kontiki Capital Management HK Ltd. now owns 8,533,568 shares of the company’s stock valued at $138,158,000 after purchasing an additional 287,000 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In other Coupang news, CAO Jonathan D. Lee sold 5,000 shares of Coupang stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $21.45, for a total value of $107,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 120,835 shares of the company’s stock, valued at approximately $2,591,910.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coupang news, CAO Jonathan D. Lee sold 5,000 shares of Coupang stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $21.45, for a total value of $107,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 120,835 shares of the company’s stock, valued at approximately $2,591,910.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greenoaks Capital Partners Llc purchased 120,239 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $22.53 per share, for a total transaction of $2,708,984.67. Following the purchase, the director now owns 48,126,374 shares in the company, valued at approximately $1,084,287,206.22. The disclosure for this purchase can be found here. Insiders sold 753,538 shares of company stock valued at $15,662,818 in the last three months. Corporate insiders own 13.60% of the company’s stock.

Coupang Stock Performance

NYSE:CPNG opened at $21.34 on Friday. The stock has a market cap of $38.16 billion, a P/E ratio of 30.49, a PEG ratio of 8.64 and a beta of 1.12. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.67. The stock has a 50 day simple moving average of $22.29 and a 200 day simple moving average of $18.56. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $23.77.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $7.11 billion during the quarter, compared to analyst estimates of $6.95 billion. Coupang had a net margin of 4.96% and a return on equity of 13.59%. Coupang’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. Research analysts anticipate that Coupang, Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Citigroup raised 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. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Bank of America began coverage on Coupang in a report on Friday, May 3rd. They set a “buy” rating and a $30.00 price target for the company. Finally, UBS Group raised Coupang from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.50 to $26.00 in a report on Thursday, May 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

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.