Wealth Enhancement Advisory Services LLC Has $207,000 Stock Position in Coupang, Inc. (NYSE:CPNG)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Coupang, Inc. (NYSE:CPNG) by 14.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,451 shares of the company’s stock after selling 1,467 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Coupang were worth $207,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its holdings in shares of Coupang by 17.9% in the 1st quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock valued at $318,000 after purchasing an additional 2,710 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Coupang by 2.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company’s stock valued at $21,706,000 after buying an additional 24,553 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Coupang by 5.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company’s stock valued at $39,801,000 after acquiring an additional 110,700 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Coupang by 55.5% in the second 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 during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Coupang by 68.8% during the first quarter. Sei Investments Co. now owns 1,145,853 shares of the company’s stock worth $20,385,000 after acquiring an additional 467,037 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Coupang news, Director Benjamin Sun sold 200,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Coupang news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $22.95 per share, with a total value 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 represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 200,000 shares of the company’s stock in a transaction that occurred on 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 owns 1,969,421 shares in the company, valued at approximately $46,005,674.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 1,637,700 shares of company stock valued at $39,101,316. Insiders own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Coupang Trading Up 1.7 %

NYSE:CPNG opened at $24.51 on Wednesday. The company’s 50 day moving average is $24.72 and its 200-day moving average is $22.83. The company has a quick ratio of 0.87, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $26.91. The firm has a market cap of $43.96 billion, a price-to-earnings ratio of 43.00 and a beta of 1.10.

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. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter last year, the firm posted $0.05 EPS. The business’s quarterly revenue was up 27.2% on a year-over-year basis. Equities analysts anticipate that Coupang, Inc. will post 0.11 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.