Signaturefd LLC Boosts Stock Position in Coupang, Inc. (NYSE:CPNG)

Signaturefd LLC lifted its position in Coupang, Inc. (NYSE:CPNG) by 438.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,371 shares of the company’s stock after buying an additional 1,931 shares during the quarter. Signaturefd LLC’s holdings in Coupang were worth $58,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bleakley Financial Group LLC grew its stake in Coupang by 17.9% during the 1st quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock worth $318,000 after purchasing an additional 2,710 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Coupang by 2.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company’s stock worth $21,706,000 after purchasing an additional 24,553 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Coupang by 5.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company’s stock worth $39,801,000 after purchasing an additional 110,700 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Coupang by 55.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,524,994 shares of the company’s stock valued at $94,799,000 after purchasing an additional 1,615,448 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Coupang by 767.9% in the 1st quarter. GSA Capital Partners LLP now owns 108,990 shares of the company’s stock valued at $1,939,000 after purchasing an additional 96,432 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Ratings Changes

CPNG has been the topic of several recent analyst reports. CLSA raised Coupang from a “hold” rating to an “outperform” rating and increased their target price for the company from $18.00 to $31.00 in a report on Wednesday, September 4th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Monday, October 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Insider Buying and Selling

In related news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of Coupang stock in a transaction on Wednesday, August 21st. The stock was purchased at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the purchase, the director now directly owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coupang news, insider Pranam Kolari sold 10,432 shares of the business’s 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 transaction, the insider now owns 170,356 shares in the company, valued at approximately $3,390,084.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the company’s 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 acquisition, the director now directly owns 50,476,224 shares of the company’s stock, valued at $1,158,429,340.80. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 601,300 shares of company stock valued at $13,604,354 and have sold 411,388 shares valued at $9,452,761. Corporate insiders own 13.60% of the company’s stock.

Coupang Price Performance

Shares of NYSE:CPNG opened at $26.01 on Wednesday. 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 firm has a market capitalization of $46.50 billion, a P/E ratio of 37.15, a P/E/G ratio of 282.07 and a beta of 1.11. The company’s fifty day moving average price is $24.21 and its 200 day moving average price is $22.66. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $26.28.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The firm 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%. Coupang’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, sell-side analysts predict that Coupang, Inc. will post 0.09 earnings per share for the current fiscal year.

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.