Northwest Capital Management Inc Buys Shares of 3,535 Coupang, Inc. (NYSE:CPNG)

Northwest Capital Management Inc purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,535 shares of the company’s stock, valued at approximately $87,000.

A number of other large investors have also made changes to their positions in the stock. Handelsbanken Fonder AB increased its stake in Coupang by 2.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company’s stock valued at $21,706,000 after purchasing an additional 24,553 shares in the last quarter. SG Americas Securities LLC grew its stake in Coupang by 322.3% in the 3rd quarter. SG Americas Securities LLC now owns 35,359 shares of the company’s stock valued at $868,000 after acquiring an additional 26,986 shares during the last quarter. American Trust purchased a new position in Coupang during the 2nd quarter valued at about $207,000. Sanctuary Advisors LLC acquired a new position in Coupang during the second quarter worth about $243,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Coupang by 122.7% in the second quarter. Cetera Investment Advisers now owns 65,332 shares of the company’s stock valued at $1,369,000 after purchasing an additional 35,992 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In related news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the business’s stock in a transaction on 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 completion of the purchase, the director now directly owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was bought at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the completion of the purchase, the director now directly owns 50,476,224 shares of the company’s stock, valued at $1,158,429,340.80. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin Sun sold 200,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the completion of the transaction, the director now owns 1,969,421 shares in the company, valued at approximately $46,005,674.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 601,300 shares of company stock worth $13,604,354 and sold 411,388 shares worth $9,452,761. 13.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley lifted their price objective on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. CLSA raised Coupang from a “hold” rating to an “outperform” rating and boosted their price target for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Finally, Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Monday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Coupang has a consensus rating of “Moderate Buy” and an average target price of $27.56.

Coupang Price Performance

Shares of NYSE:CPNG opened at $25.70 on Wednesday. The company has a market cap of $45.95 billion, a P/E ratio of 36.71, a P/E/G ratio of 181.74 and a beta of 1.11. The business has a fifty day simple moving average of $23.13 and a 200-day simple moving average of $21.91. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $26.28. 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 (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same period last year, the company earned $0.08 EPS. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. Equities research analysts forecast that Coupang, Inc. will post 0.14 EPS for the current year.

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.