Creative Planning Has $354,000 Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Creative Planning boosted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 27.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,407 shares of the company’s stock after purchasing an additional 3,117 shares during the period. Creative Planning’s holdings in Coupang were worth $354,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CPNG. GAMMA Investing LLC lifted its position in shares of Coupang by 308.2% in the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after buying an additional 1,470 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Coupang in the second quarter valued at approximately $74,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Coupang by 360.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock valued at $86,000 after buying an additional 3,224 shares during the last quarter. Northwest Capital Management Inc acquired a new stake in shares of Coupang in the third quarter valued at approximately $87,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Coupang in the second quarter valued at approximately $89,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Trading Down 3.6 %

NYSE CPNG opened at $24.21 on Friday. 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 twelve month low of $13.51 and a twelve month high of $26.91. The company has a market cap of $43.43 billion, a price-to-earnings ratio of 41.52 and a beta of 1.10. The business’s fifty day moving average is $24.64 and its 200 day moving average is $22.81.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. As a group, sell-side analysts expect that Coupang, Inc. will post -0.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CPNG. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research note on Monday, October 7th. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and increased their target price for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.56.

Insider Transactions at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc acquired 251,300 shares of the stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average cost of $22.58 per share, with a total value of $5,674,354.00. Following the transaction, the director now owns 50,126,224 shares in the company, valued at approximately $1,131,850,137.92. The trade was 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 bought 251,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $22.58 per share, with a total value of $5,674,354.00. Following the transaction, the director now directly owns 50,126,224 shares of the company’s stock, valued at approximately $1,131,850,137.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, 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 shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 451,300 shares of company stock valued at $10,208,354 and sold 400,956 shares valued at $9,245,164. Corporate insiders own 13.60% of the company’s stock.

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.