Register Financial Advisors LLC Buys New Position in Coupang, Inc. (NYSE:CPNG)

Register Financial Advisors LLC bought a new stake in Coupang, Inc. (NYSE:CPNG) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,800 shares of the company’s stock, valued at approximately $50,000.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC raised its stake in Coupang by 1.6% during the 4th quarter. Private Advisor Group LLC now owns 47,052 shares of the company’s stock valued at $762,000 after acquiring an additional 760 shares during the last quarter. Raymond James & Associates raised its stake in Coupang by 1.2% during the 4th quarter. Raymond James & Associates now owns 87,812 shares of the company’s stock valued at $1,422,000 after acquiring an additional 1,031 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in Coupang by 1.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 73,612 shares of the company’s stock valued at $1,192,000 after acquiring an additional 1,080 shares during the last quarter. Ignite Planners LLC raised its stake in Coupang by 7.1% during the 1st quarter. Ignite Planners LLC now owns 19,959 shares of the company’s stock valued at $363,000 after acquiring an additional 1,316 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Coupang by 1.0% during the 4th quarter. M&T Bank Corp now owns 143,550 shares of the company’s stock valued at $2,324,000 after acquiring an additional 1,461 shares during the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Bank of America assumed coverage on Coupang in a research note on Friday, May 3rd. They set a “buy” rating and a $30.00 price objective for the company. Morgan Stanley increased their target price on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday. Mizuho increased their target price on Coupang from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, UBS Group raised Coupang from a “neutral” rating to a “buy” rating and increased their target price for the stock from $18.50 to $26.00 in a research note on Thursday, May 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.71.

Coupang Stock Performance

CPNG opened at $20.92 on Friday. The stock has a market cap of $37.40 billion, a P/E ratio of 29.89, a P/E/G ratio of 8.74 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $22.18 and its 200 day simple moving average is $18.76. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $23.77.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $7.11 billion during the quarter, compared to analyst estimates of $6.95 billion. Coupang had a return on equity of 13.59% and a net margin of 4.96%. The business’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, equities analysts anticipate that Coupang, Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Pranam Kolari sold 2,048 shares of the company’s stock in a transaction that occurred 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 owns 187,951 shares in the company, valued at approximately $4,198,825.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Coupang news, Director Benjamin Sun sold 700,000 shares of the stock in a transaction on 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 sale, the director now owns 2,169,421 shares in the company, valued at approximately $44,755,155.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Pranam Kolari sold 2,048 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total value of $45,752.32. Following the sale, the insider now owns 187,951 shares in the company, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. Insiders have sold a total of 753,538 shares of company stock worth $15,662,818 in the last quarter. Company insiders own 13.60% of the company’s stock.

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.