Coupang, Inc. (NYSE:CPNG) Shares Acquired by Cwm LLC

Cwm LLC raised its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 31.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,743 shares of the company’s stock after acquiring an additional 42,899 shares during the quarter. Cwm LLC’s holdings in Coupang were worth $4,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Coupang by 308.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after buying an additional 1,470 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in Coupang during the 1st quarter worth about $50,000. Opal Wealth Advisors LLC acquired a new position in Coupang in the 2nd quarter valued at about $74,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Coupang by 360.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock valued at $86,000 after purchasing an additional 3,224 shares in the last quarter. Finally, Northwest Capital Management Inc acquired a new stake in shares of Coupang during the 3rd quarter worth about $87,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In other news, Director Benjamin Sun sold 200,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the completion of the sale, the director now owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Coupang news, Director Benjamin Sun sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the completion of the transaction, the director now owns 1,969,421 shares in the company, valued at $46,005,674.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pranam Kolari sold 10,432 shares of Coupang stock in a transaction that occurred 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 sale, the insider now owns 170,356 shares in the company, valued at $3,390,084.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders purchased 601,300 shares of company stock worth $13,604,354 and sold 411,388 shares worth $9,452,761. 13.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and raised their price objective for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Finally, Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Monday, October 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Stock Performance

Coupang stock opened at $25.70 on Friday. The company has a market cap 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. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $26.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. The stock’s 50-day moving average is $23.43 and its 200-day moving average is $22.05.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the previous year, the firm earned $0.08 earnings per share. Coupang’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities analysts anticipate that Coupang, Inc. will post 0.09 earnings per share for the current year.

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.