Coupang, Inc. (NYSE:CPNG) Holdings Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Coupang, Inc. (NYSE:CPNG) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,502 shares of the company’s stock after acquiring an additional 452 shares during the period. Pacer Advisors Inc.’s holdings in Coupang were worth $253,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its position in Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after purchasing an additional 6,584,910 shares during the period. State Street Corp lifted its stake in Coupang by 1.9% in the third quarter. State Street Corp now owns 14,125,599 shares of the company’s stock valued at $346,783,000 after buying an additional 259,400 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock valued at $211,868,000 after acquiring an additional 2,603,046 shares during the period. Geode Capital Management LLC grew its position in shares of Coupang by 0.5% during the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock worth $144,483,000 after acquiring an additional 29,164 shares during the last quarter. Finally, Coronation Fund Managers Ltd. increased its holdings in shares of Coupang by 139.1% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after acquiring an additional 2,802,325 shares during the period. 83.72% of the stock is owned by institutional investors.

Coupang Trading Up 0.5 %

NYSE:CPNG opened at $23.69 on Wednesday. The stock has a fifty day simple moving average of $23.04 and a 200 day simple moving average of $23.46. The firm has a market capitalization of $42.62 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 42.58 and a beta of 1.11. Coupang, Inc. has a 1-year low of $13.66 and a 1-year high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same quarter in the previous year, the business earned $0.05 earnings per share. The firm’s revenue was up 27.2% compared to the same quarter last year. Sell-side analysts forecast that Coupang, Inc. will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Coupang

In other news, CEO Bom Kim sold 15,000,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at $45,940,000. The trade was a 88.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Greenoaks Capital Partners Llc purchased 750,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of $24.01 per share, for a total transaction of $18,007,500.00. Following the completion of the purchase, the director now directly owns 52,038,723 shares of the company’s stock, valued at $1,249,449,739.23. The trade was a 1.46 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 15,009,234 shares of company stock valued at $344,761,515 in the last three months. 13.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Citigroup reduced their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.56.

About Coupang

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.