Sei Investments Co. Buys 461,535 Shares of Coupang, Inc. (NYSE:CPNG)

Sei Investments Co. lifted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 40.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,607,388 shares of the company’s stock after purchasing an additional 461,535 shares during the period. Sei Investments Co. owned 0.09% of Coupang worth $33,675,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Baader Bank Aktiengesellschaft increased its position in Coupang by 5.7% in the second quarter. Baader Bank Aktiengesellschaft now owns 10,567 shares of the company’s stock worth $219,000 after buying an additional 567 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in Coupang by 6.0% in the 2nd quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company’s stock valued at $235,000 after acquiring an additional 635 shares during the period. National Bank of Canada FI raised its stake in Coupang by 15.4% in the 2nd quarter. National Bank of Canada FI now owns 6,687 shares of the company’s stock valued at $141,000 after acquiring an additional 890 shares during the period. TCW Group Inc. lifted its holdings in Coupang by 6.4% during the second quarter. TCW Group Inc. now owns 16,781 shares of the company’s stock valued at $352,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Coupang by 2.2% during the first quarter. Private Advisor Group LLC now owns 48,088 shares of the company’s stock worth $855,000 after purchasing an additional 1,036 shares during the period. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Up 0.9 %

Shares of NYSE:CPNG opened at $24.79 on Tuesday. The firm has a fifty day moving average price of $22.08 and a two-hundred day moving average price of $21.38. The company has a market cap of $44.32 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 171.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. Coupang, Inc. has a one year low of $13.51 and a one year high of $24.84.

Coupang (NYSE:CPNG) last posted its 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 return on equity of 12.04% and a net margin of 3.87%. The business had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. Analysts anticipate that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Coupang news, insider Pranam Kolari sold 10,432 shares of Coupang stock in a transaction that occurred on Friday, August 2nd. The shares were 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 directly owns 170,356 shares in the company, valued at $3,390,084.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Coupang news, insider Pranam Kolari sold 10,432 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $19.90, for a total transaction of $207,596.80. Following the sale, the insider now owns 170,356 shares in the company, valued at $3,390,084.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $22.39 per share, with a total value of $2,239,000.00. Following the purchase, the director now owns 50,376,224 shares of the company’s stock, valued at $1,127,923,655.36. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 601,300 shares of company stock worth $13,604,354 and have sold 410,432 shares worth $9,429,597. 13.60% of the stock is owned by company insiders.

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.