10,167 Shares in Coupang, Inc. (NYSE:CPNG) Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,167 shares of the company’s stock, valued at approximately $250,000.

A number of other large investors have also added to or reduced their stakes in CPNG. Asset Dedication LLC grew its stake in shares of Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after purchasing an additional 990 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Coupang by 308.2% during 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 period. Wolff Wiese Magana LLC raised its holdings in shares of Coupang by 330.4% during the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after acquiring an additional 1,295 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Coupang by 438.9% in the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after acquiring an additional 1,931 shares during the period. Institutional investors own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other news, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the sale, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at $45,940,000. This represents a 88.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of Coupang stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now owns 52,726,423 shares of the company’s stock, valued at $1,269,652,265.84. The trade was a 1.32 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 13.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CPNG shares. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Monday, October 7th. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and upped their target price for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. One research 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.com, Coupang presently has an average rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Stock Up 0.7 %

Shares of NYSE:CPNG opened at $24.03 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $25.06 and a two-hundred day simple moving average of $23.09. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $26.91. The stock has a market capitalization of $43.23 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 215.30 and a beta of 1.07.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. On average, research analysts anticipate that Coupang, Inc. will post 0.11 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.