Investment House LLC Buys New Holdings in Coupang, Inc. (NYSE:CPNG)

Investment House LLC bought a new stake in Coupang, Inc. (NYSE:CPNG) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 155,646 shares of the company’s stock, valued at approximately $2,520,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Simplicity Solutions LLC increased its holdings in Coupang by 23.5% during the 3rd quarter. Simplicity Solutions LLC now owns 15,420 shares of the company’s stock worth $262,000 after purchasing an additional 2,938 shares in the last quarter. Xponance Inc. increased its holdings in Coupang by 1.7% during the 3rd quarter. Xponance Inc. now owns 154,938 shares of the company’s stock worth $2,634,000 after purchasing an additional 2,566 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Coupang by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,632,070 shares of the company’s stock worth $44,745,000 after purchasing an additional 84,353 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Coupang during the 3rd quarter worth approximately $1,590,000. Finally, TD Asset Management Inc increased its holdings in Coupang by 3.0% during the 3rd quarter. TD Asset Management Inc now owns 402,380 shares of the company’s stock worth $6,840,000 after purchasing an additional 11,874 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Stock Performance

CPNG traded up $0.15 during trading hours on Monday, hitting $23.06. The stock had a trading volume of 5,407,907 shares, compared to its average volume of 13,168,933. The company’s fifty day simple moving average is $18.98 and its 200 day simple moving average is $16.99. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $23.40. The stock has a market cap of $41.35 billion, a PE ratio of 30.55 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.13.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.40 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. Equities analysts anticipate that Coupang, Inc. will post 0.32 earnings per share for the current year.

Insider Transactions at Coupang

In other news, Director Neil Mehta sold 1,600,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $18.68, for a total transaction of $29,888,000.00. Following the completion of the transaction, the director now owns 48,006,135 shares of the company’s stock, valued at $896,754,601.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Pranam Kolari sold 2,356 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $13.88, for a total value of $32,701.28. Following the completion of the sale, the insider now owns 182,844 shares in the company, valued at approximately $2,537,874.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Neil Mehta sold 1,600,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $18.68, for a total value of $29,888,000.00. Following the completion of the sale, the director now owns 48,006,135 shares of the company’s stock, valued at approximately $896,754,601.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,355,590 shares of company stock valued at $633,443,979. 14.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CPNG shares. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Citigroup upgraded Coupang from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $26.00 in a research note on Monday, April 15th. Barclays lifted their target price on Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and lifted their target price for the stock from $18.50 to $21.00 in a research note on Thursday, February 29th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Coupang has a consensus rating of “Moderate Buy” and an average target price of $22.42.

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.