Mount Yale Investment Advisors LLC Takes $1.53 Million Position in Coupang, Inc. (NYSE:CPNG)

Mount Yale Investment Advisors LLC bought a new position in Coupang, Inc. (NYSE:CPNG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 72,781 shares of the company’s stock, valued at approximately $1,525,000.

A number of other hedge funds have also made changes to their positions in CPNG. GAMMA Investing LLC grew its stake in Coupang by 308.2% during the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after buying an additional 1,470 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Coupang during the 1st quarter valued at $50,000. Opal Wealth Advisors LLC acquired a new stake in Coupang during the 2nd quarter valued at $74,000. Benjamin F. Edwards & Company Inc. raised its position in Coupang by 360.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock valued at $86,000 after purchasing an additional 3,224 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of Coupang during the second quarter worth $89,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Price Performance

Shares of CPNG stock opened at $24.58 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $24.74. The firm has a market cap of $43.95 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 171.76 and a beta of 1.10. The stock has a 50-day moving average price of $22.08 and a 200 day moving average price of $21.36.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter in the previous year, the company earned $0.08 EPS. Coupang’s revenue was up 25.4% on a year-over-year basis. Research analysts expect that Coupang, Inc. will post 0.14 EPS for the current year.

Insider Buying and Selling at Coupang

In other news, insider Pranam Kolari sold 10,432 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $19.90, for a total value of $207,596.80. Following the transaction, the insider now directly owns 170,356 shares in the company, valued at approximately $3,390,084.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Greenoaks Capital Partners Llc acquired 150,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $22.64 per share, for a total transaction of $3,396,000.00. Following the completion of the acquisition, the director now owns 49,874,924 shares in the company, valued at $1,129,168,279.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Pranam Kolari sold 10,432 shares of the stock in a transaction 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 sale, the insider now owns 170,356 shares in the company, valued at $3,390,084.40. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 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.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CPNG. Morgan Stanley lifted their price target on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and raised their price objective for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.25.

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.