WCG Wealth Advisors LLC Buys Shares of 38,344 Coupang, Inc. (NYSE:CPNG)

WCG Wealth Advisors LLC purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 38,344 shares of the company’s stock, valued at approximately $803,000.

A number of other hedge funds have also modified their holdings of the business. MRP Capital Investments LLC purchased a new position in shares of Coupang during the 2nd quarter worth $803,000. Hsbc Holdings PLC grew its holdings in shares of Coupang by 28.3% during the 2nd quarter. Hsbc Holdings PLC now owns 319,640 shares of the company’s stock worth $6,685,000 after purchasing an additional 70,562 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Coupang by 13.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 54,764 shares of the company’s stock worth $1,146,000 after purchasing an additional 6,286 shares during the period. Amalgamated Bank grew its holdings in shares of Coupang by 8.1% during the 2nd quarter. Amalgamated Bank now owns 78,273 shares of the company’s stock worth $1,640,000 after purchasing an additional 5,875 shares during the period. Finally, SYSTM Wealth Solutions LLC grew its holdings in shares of Coupang by 2,524.8% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 5,302 shares of the company’s stock worth $111,000 after purchasing an additional 5,100 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Price Performance

CPNG opened at $24.21 on Friday. The stock’s 50-day moving average price is $21.98 and its 200 day moving average price is $21.28. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $24.74. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.72. The firm has a market cap of $43.28 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 171.76 and a beta of 1.10.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The firm had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same quarter in the prior year, the company earned $0.08 EPS. Coupang’s revenue was up 25.4% on a year-over-year basis. As a group, sell-side analysts expect that Coupang, Inc. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CPNG shares. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and increased their price target for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Morgan Stanley increased their target price on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Insider Buying and Selling at Coupang

In other Coupang news, insider Pranam Kolari sold 10,432 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $19.90, for a total value of $207,596.80. Following the sale, the insider now owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Coupang news, insider Pranam Kolari sold 10,432 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $19.90, for a total value of $207,596.80. Following the sale, the insider now owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 100,000 shares of Coupang stock in a transaction on Wednesday, August 21st. The stock was bought at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the transaction, the director now directly owns 50,476,224 shares in the company, valued at $1,158,429,340.80. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 601,300 shares of company stock valued at $13,604,354 and have sold 410,432 shares valued at $9,429,597. 13.60% of the stock is owned by corporate insiders.

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.