Vanguard Personalized Indexing Management LLC Has $1.15 Million Stock Position in Coupang, Inc. (NYSE:CPNG)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,764 shares of the company’s stock after purchasing an additional 6,286 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Coupang were worth $1,146,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Coupang by 308.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after acquiring an additional 1,470 shares during the period. Register Financial Advisors LLC acquired a new stake in shares of Coupang during the 1st quarter worth approximately $50,000. Opal Wealth Advisors LLC bought a new stake in shares of Coupang during the second quarter worth approximately $74,000. V Square Quantitative Management LLC acquired a new position in Coupang in the second quarter valued at approximately $89,000. Finally, SYSTM Wealth Solutions LLC lifted its stake in shares of Coupang by 2,524.8% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 5,302 shares of the company’s stock valued at $111,000 after purchasing an additional 5,100 shares during the period. 83.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CPNG. Morgan Stanley raised their target price on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and lifted their price objective 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 seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Insider Activity

In related news, Director Benjamin Sun sold 200,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the completion of the transaction, the director now directly owns 1,969,421 shares in the company, valued at $46,005,674.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Benjamin Sun sold 200,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were acquired at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the completion of 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. Over the last three months, insiders have bought 601,300 shares of company stock worth $13,604,354 and have sold 410,432 shares worth $9,429,597. Corporate insiders own 13.60% of the company’s stock.

Coupang Stock Performance

Shares of CPNG stock opened at $24.58 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 1.12. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $24.74. The company’s 50 day moving average price is $22.08 and its two-hundred day moving average price is $21.36. The company has a market capitalization of $43.95 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 171.76 and a beta of 1.10.

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