Coupang, Inc. (NYSE:CPNG) Shares Acquired by Exchange Traded Concepts LLC

by · The Cerbat Gem

Exchange Traded Concepts LLC boosted its stake in Coupang, Inc. (NYSE:CPNG – Free Report) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 162,396 shares of the company’s stock after purchasing an additional 4,470 shares during the period. Exchange Traded Concepts LLC’s holdings in Coupang were worth $3,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in CPNG. GAMMA Investing LLC grew its position in 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 purchasing an additional 1,470 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Coupang in the 1st quarter valued at approximately $50,000. Opal Wealth Advisors LLC bought a new stake in Coupang during the 2nd quarter valued at $74,000. Northwest Capital Management Inc acquired a new position in Coupang during the 3rd quarter worth $87,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Coupang by 360.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock worth $86,000 after purchasing an additional 3,224 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Insider Activity

In related 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 completion of the sale, the insider now directly owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Greenoaks Capital Partners Llc purchased 251,300 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $22.58 per share, with a total value of $5,674,354.00. Following the completion of the purchase, the director now owns 50,126,224 shares of the company’s stock, valued at $1,131,850,137.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Pranam Kolari sold 10,432 shares of Coupang stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $19.90, for a total value of $207,596.80. Following the sale, the insider now directly owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 601,300 shares of company stock worth $13,604,354 and have sold 411,388 shares worth $9,452,761. 13.60% of the stock is currently owned by corporate insiders.

Coupang Stock Performance

Shares of CPNG opened at $25.70 on Monday. Coupang, Inc. has a one year low of $13.51 and a one year high of $26.28. The company has a 50-day moving average of $23.43 and a two-hundred day moving average of $22.08. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. The stock has a market cap of $46.10 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 282.07 and a beta of 1.11.

Coupang (NYSE:CPNG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.39 billion. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. On average, equities research analysts expect that Coupang, Inc. will post 0.09 earnings per share for the current year.

Wall Street Analyst Weigh In

CPNG has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. CLSA upgraded 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 report on Wednesday, September 4th. Finally, Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, October 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.56.

Get Our Latest Research Report on CPNG

Coupang 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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