Van ECK Associates Corp Has $32,000 Position in Coupang, Inc. (NYSE:CPNG)

Van ECK Associates Corp grew its stake in Coupang, Inc. (NYSE:CPNGFree Report) by 63.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,251 shares of the company’s stock after buying an additional 484 shares during the period. Van ECK Associates Corp’s holdings in Coupang were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CPNG. Baader Bank Aktiengesellschaft raised its position in shares of Coupang by 5.7% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,567 shares of the company’s stock worth $219,000 after acquiring an additional 567 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in Coupang by 6.0% in the second quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company’s stock valued at $235,000 after buying an additional 635 shares during the period. National Bank of Canada FI boosted its holdings in shares of Coupang by 15.4% during the 2nd quarter. National Bank of Canada FI now owns 6,687 shares of the company’s stock worth $141,000 after buying an additional 890 shares in the last quarter. Asset Dedication LLC grew its position in shares of Coupang by 438.1% during the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after buying an additional 990 shares during the period. Finally, TCW Group Inc. increased its stake in shares of 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 acquiring an additional 1,007 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Performance

Shares of CPNG opened at $25.33 on Friday. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $26.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The stock has a 50 day moving average price of $24.81 and a two-hundred day moving average price of $22.87. The firm has a market capitalization of $45.43 billion, a P/E ratio of 45.45, a P/E/G ratio of 220.61 and a beta of 1.10.

Coupang (NYSE:CPNGGet Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. Coupang’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. Equities analysts forecast that Coupang, Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CPNG. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and lifted their price target for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Coupang currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Read Our Latest Research Report on Coupang

Insider Activity

In related news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought 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 of the company’s stock, valued at $1,158,429,340.80. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the transaction, the director now owns 1,969,421 shares of the company’s stock, valued at approximately $46,005,674.56. The trade was a 9.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 1,537,700 shares of company stock worth $36,862,316 and sold 15,200,956 shares worth $349,245,164. 13.60% of the stock is currently owned by corporate insiders.

Coupang Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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