Coupang, Inc. (NYSE:CPNG) Shares Sold by Ieq Capital LLC

Ieq Capital LLC cut its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 50.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 270,492 shares of the company’s stock after selling 279,943 shares during the period. Ieq Capital LLC’s holdings in Coupang were worth $5,667,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Coupang by 308.2% during the second 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 in the last quarter. Register Financial Advisors LLC purchased a new position in Coupang during the 1st quarter valued at about $50,000. Opal Wealth Advisors LLC purchased a new position in Coupang during the 2nd quarter valued at about $74,000. V Square Quantitative Management LLC acquired a new position in shares of Coupang in the 2nd quarter valued at about $89,000. Finally, SYSTM Wealth Solutions LLC lifted its position in shares of Coupang by 2,524.8% in the second quarter. SYSTM Wealth Solutions LLC now owns 5,302 shares of the company’s stock worth $111,000 after purchasing an additional 5,100 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and upped their price objective for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. Morgan Stanley boosted their price target on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.25.

Coupang Stock Up 1.6 %

Shares of NYSE:CPNG opened at $24.58 on Friday. 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 has a market cap of $43.95 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 171.76 and a beta of 1.10. The company has a 50 day moving average of $22.08 and a 200-day moving average of $21.34. Coupang, Inc. has a one year low of $13.51 and a one year high of $24.74.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.39 billion. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, sell-side analysts forecast that Coupang, Inc. will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Coupang

In other news, Director Greenoaks Capital Partners Llc bought 100,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the completion of the acquisition, the director now owns 50,476,224 shares in the company, valued at $1,158,429,340.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Pranam Kolari sold 10,432 shares of Coupang stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $19.90, for a total transaction of $207,596.80. Following the completion of the transaction, the insider now directly owns 170,356 shares in the company, valued at approximately $3,390,084.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 100,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of $22.95 per share, with a total value of $2,295,000.00. Following the purchase, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 601,300 shares of company stock worth $13,604,354 and sold 410,432 shares worth $9,429,597. Corporate 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.