Coupang, Inc. (NYSE:CPNG) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 58.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,761 shares of the company’s stock after acquiring an additional 2,496 shares during the quarter. V Square Quantitative Management LLC’s holdings in Coupang were worth $166,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CPNG. Bleakley Financial Group LLC boosted its holdings in shares of Coupang by 17.9% during the 1st quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock worth $318,000 after purchasing an additional 2,710 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Coupang by 2.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company’s stock worth $21,706,000 after acquiring an additional 24,553 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Coupang by 5.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company’s stock worth $39,801,000 after acquiring an additional 110,700 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Coupang by 55.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,524,994 shares of the company’s stock valued at $94,799,000 after acquiring an additional 1,615,448 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Coupang by 767.9% during the 1st quarter. GSA Capital Partners LLP now owns 108,990 shares of the company’s stock valued at $1,939,000 after acquiring an additional 96,432 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Coupang

In other news, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the sale, the director now owns 1,969,421 shares in the company, valued at approximately $46,005,674.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Pranam Kolari sold 10,432 shares of the stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the completion of the transaction, the director now owns 1,969,421 shares in the company, valued at approximately $46,005,674.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 601,300 shares of company stock valued at $13,604,354 and sold 411,388 shares valued at $9,452,761. 13.60% of the stock is owned by corporate insiders.

Coupang Price Performance

CPNG stock opened at $25.13 on Monday. The business has a 50 day moving average price of $23.81 and a 200 day moving average price of $22.34. 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 has a market cap of $44.93 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 282.07 and a beta of 1.11. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $26.28.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. The business had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.39 billion. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. Equities research analysts anticipate that Coupang, Inc. will post 0.09 earnings per share for the current fiscal year.

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.