Coupang, Inc. (NYSE:CPNG) Stock Holdings Boosted by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,298 shares of the company’s stock after acquiring an additional 4,036 shares during the quarter. Private Advisor Group LLC’s holdings in Coupang were worth $1,456,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CPNG. Baillie Gifford & Co. boosted its stake in shares of Coupang by 15.9% during the 1st quarter. Baillie Gifford & Co. now owns 168,600,998 shares of the company’s stock worth $2,999,412,000 after acquiring an additional 23,076,870 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Coupang by 31.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock worth $1,403,015,000 after acquiring an additional 18,894,909 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Coupang by 2,570.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,049,227 shares of the company’s stock worth $42,931,000 after acquiring an additional 1,972,476 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Coupang by 55.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,524,994 shares of the company’s stock worth $94,799,000 after acquiring an additional 1,615,448 shares in the last quarter. Finally, Coronation Fund Managers Ltd. boosted its stake in shares of Coupang by 146.2% during the 1st quarter. Coronation Fund Managers Ltd. now owns 2,688,450 shares of the company’s stock worth $47,828,000 after acquiring an additional 1,596,486 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Insider Activity at Coupang

In other news, Director Greenoaks Capital Partners Llc acquired 251,300 shares of Coupang stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of $22.58 per share, with a total value of $5,674,354.00. Following the completion of the transaction, the director now owns 50,126,224 shares in the company, valued at approximately $1,131,850,137.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Greenoaks Capital Partners Llc acquired 251,300 shares of Coupang stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of $22.58 per share, with a total value of $5,674,354.00. Following the completion of the transaction, the director now owns 50,126,224 shares in the company, valued at approximately $1,131,850,137.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 200,000 shares of the business’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 sale, the director now directly owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 601,300 shares of company stock valued at $13,604,354 and sold 411,388 shares valued at $9,452,761. Insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Coupang Stock Performance

Shares of Coupang stock opened at $26.25 on Thursday. The stock has a market cap of $47.08 billion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 282.07 and a beta of 1.11. The business has a fifty day simple moving average of $24.28 and a 200-day simple moving average of $22.68. 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 $26.44.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating 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 return on equity of 12.04% and a net margin of 3.87%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. On average, sell-side analysts anticipate that Coupang, Inc. will post 0.09 EPS for the current fiscal year.

Coupang 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.