Mount Yale Investment Advisors LLC Acquires New Holdings in Coupang, Inc. (NYSE:CPNG)

Mount Yale Investment Advisors LLC bought a new position in shares of Coupang, Inc. (NYSE:CPNG) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 72,781 shares of the company’s stock, valued at approximately $1,525,000.

Other institutional investors have also recently bought and sold shares of the company. Panagora Asset Management Inc. raised its holdings in shares of Coupang by 19.1% during the fourth quarter. Panagora Asset Management Inc. now owns 18,891 shares of the company’s stock worth $306,000 after acquiring an additional 3,034 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Coupang by 12.5% in the fourth quarter. D.A. Davidson & CO. now owns 29,619 shares of the company’s stock valued at $480,000 after purchasing an additional 3,296 shares in the last quarter. TCW Group Inc. acquired a new position in shares of Coupang during the fourth quarter worth about $303,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Coupang by 27.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company’s stock worth $138,000 after buying an additional 1,821 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Coupang by 14.7% during the fourth quarter. Hsbc Holdings PLC now owns 248,922 shares of the company’s stock worth $4,030,000 after buying an additional 31,953 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Analysts Set New Price Targets

CPNG has been the topic of several research reports. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and boosted their target price for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. Morgan Stanley boosted their price objective on shares of Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. One analyst has rated the stock with a hold rating and seven 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 price target of $27.25.

Coupang Stock Up 1.6 %

NYSE:CPNG opened at $24.58 on Monday. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $24.74. The firm has a market capitalization of $43.95 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 171.76 and a beta of 1.10. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $22.08 and its two-hundred day moving average price is $21.36.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $7.39 billion. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. Equities research analysts expect that Coupang, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In other news, insider Pranam Kolari sold 10,432 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $19.90, for a total value of $207,596.80. Following the sale, the insider now directly owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of Coupang stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $22.39 per share, with a total value of $2,239,000.00. Following the completion of the transaction, the director now directly owns 50,376,224 shares in the company, valued at approximately $1,127,923,655.36. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Pranam Kolari sold 10,432 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $19.90, for a total transaction of $207,596.80. Following the completion of the transaction, the insider now directly owns 170,356 shares in the company, valued at $3,390,084.40. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 601,300 shares of company stock worth $13,604,354 and have sold 410,432 shares worth $9,429,597. 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.