Sanctuary Advisors LLC Invests $243,000 in Coupang, Inc. (NYSE:CPNG)

Sanctuary Advisors LLC bought a new position in shares of Coupang, Inc. (NYSE:CPNG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,597 shares of the company’s stock, valued at approximately $243,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft boosted its stake in Coupang by 5.7% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,567 shares of the company’s stock valued at $219,000 after purchasing an additional 567 shares during the period. Resonant Capital Advisors LLC boosted its stake in Coupang by 6.0% in the 2nd quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company’s stock valued at $235,000 after purchasing an additional 635 shares during the period. National Bank of Canada FI boosted its stake in Coupang by 15.4% in the 2nd quarter. National Bank of Canada FI now owns 6,687 shares of the company’s stock valued at $141,000 after purchasing an additional 890 shares during the period. TCW Group Inc. boosted its stake in Coupang by 6.4% in the 2nd quarter. TCW Group Inc. now owns 16,781 shares of the company’s stock valued at $352,000 after purchasing an additional 1,007 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Coupang by 2.2% in the 1st quarter. Private Advisor Group LLC now owns 48,088 shares of the company’s stock valued at $855,000 after purchasing an additional 1,036 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Coupang news, insider Pranam Kolari sold 10,432 shares of the company’s 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 completion of the transaction, the insider now owns 170,356 shares of the company’s stock, valued at $3,390,084.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Coupang news, insider Pranam Kolari sold 10,432 shares of the company’s 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 completion of the transaction, the insider now owns 170,356 shares of the company’s stock, valued at $3,390,084.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Greenoaks Capital Partners Llc bought 100,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was purchased at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the acquisition, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 601,300 shares of company stock valued at $13,604,354 and sold 411,388 shares valued at $9,452,761. Insiders own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CPNG. Morgan Stanley boosted their price target on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Sanford C. Bernstein upgraded 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. Finally, CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and upped their target price for the company from $18.00 to $31.00 in a research report 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Price Performance

Coupang stock opened at $25.13 on Friday. 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 $26.28. The stock has a market capitalization of $44.93 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 282.07 and a beta of 1.11. The stock has a fifty day moving average of $23.81 and a 200-day moving average of $22.31.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter in the previous year, the firm earned $0.08 EPS. Coupang’s revenue was up 25.4% on a year-over-year basis. On average, sell-side analysts expect that Coupang, Inc. will post 0.09 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.