Global Assets Advisory LLC Buys Shares of 18,346 Coupang, Inc. (NYSE:CPNG)

Global Assets Advisory LLC bought a new stake in shares of Coupang, Inc. (NYSE:CPNG) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,346 shares of the company’s stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of Coupang by 61.1% in the 3rd quarter. Invesco Ltd. now owns 921,619 shares of the company’s stock valued at $15,668,000 after acquiring an additional 349,602 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Coupang in the 3rd quarter valued at about $370,000. Federated Hermes Inc. lifted its holdings in shares of Coupang by 34,482.5% in the 3rd quarter. Federated Hermes Inc. now owns 286,343 shares of the company’s stock valued at $4,868,000 after buying an additional 285,515 shares during the period. Northern Trust Corp lifted its holdings in shares of Coupang by 5.5% in the 3rd quarter. Northern Trust Corp now owns 2,730,835 shares of the company’s stock valued at $46,424,000 after buying an additional 142,741 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Coupang by 26.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,994 shares of the company’s stock valued at $272,000 after buying an additional 3,334 shares during the period. 83.72% of the stock is owned by institutional investors.

Insider Activity

In other Coupang news, insider Pranam Kolari sold 2,048 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the sale, the insider now directly owns 187,951 shares in the company, valued at $4,198,825.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Coupang news, Director Benjamin Sun sold 700,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the transaction, the director now owns 2,169,421 shares of the company’s stock, valued at $44,755,155.23. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Pranam Kolari sold 2,048 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the transaction, the insider now directly owns 187,951 shares in the company, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 753,538 shares of company stock worth $15,662,818. Corporate insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

CPNG has been the subject of several analyst reports. Bank of America initiated coverage on Coupang in a report on Friday, May 3rd. They issued a “buy” rating and a $30.00 price objective for the company. Mizuho boosted their price objective on Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and upped their price target for the stock from $18.50 to $21.00 in a report on Thursday, February 29th. Citigroup upped their price target on Coupang from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Barclays upped their price target on Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coupang presently has an average rating of “Moderate Buy” and an average price target of $26.71.

Coupang Trading Down 0.9 %

Shares of Coupang stock opened at $21.09 on Friday. The firm has a market capitalization of $37.71 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 8.72 and a beta of 1.12. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $23.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.89 and a current ratio of 1.15. The stock has a 50 day moving average of $22.20 and a 200 day moving average of $18.72.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 earnings per share (EPS) 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%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. As a group, research analysts predict that Coupang, Inc. will post 0.13 earnings per share for the current year.

Coupang Company 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.