Lake Hills Wealth Management LLC Takes $185,000 Position in Coupang, Inc. (NYSE:CPNG)

Lake Hills Wealth Management LLC acquired a new position in Coupang, Inc. (NYSE:CPNGFree Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,400 shares of the company’s stock, valued at approximately $185,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its holdings in Coupang by 21.6% during the 4th quarter. Baillie Gifford & Co. now owns 145,524,128 shares of the company’s stock worth $2,356,036,000 after acquiring an additional 25,843,034 shares during the period. FMR LLC lifted its stake in Coupang by 2.0% in the third quarter. FMR LLC now owns 19,836,006 shares of the company’s stock valued at $337,212,000 after buying an additional 381,964 shares during the period. Norges Bank bought a new position in shares of Coupang during the 4th quarter worth approximately $250,714,000. Sands Capital Management LLC increased its stake in shares of Coupang by 0.7% in the 4th quarter. Sands Capital Management LLC now owns 14,440,552 shares of the company’s stock valued at $233,793,000 after acquiring an additional 98,043 shares in the last quarter. Finally, Foxhaven Asset Management LP lifted its position in shares of Coupang by 8.0% during the 4th quarter. Foxhaven Asset Management LP now owns 12,272,369 shares of the company’s stock valued at $198,690,000 after acquiring an additional 904,065 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Down 0.7 %

Coupang stock traded down $0.15 during trading on Wednesday, hitting $20.39. 10,440,532 shares of the company were exchanged, compared to its average volume of 6,342,699. The company has a market capitalization of $36.46 billion, a P/E ratio of 29.13, a PEG ratio of 8.44 and a beta of 1.12. The business’s 50 day moving average is $22.22 and its 200 day moving average is $18.49. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $23.77. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.67.

Coupang (NYSE:CPNGGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coupang had a net margin of 4.96% and a return on equity of 13.59%. The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $6.95 billion. During the same quarter in the prior year, the company earned $0.05 EPS. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. Analysts predict that Coupang, Inc. will post 0.13 earnings per share for the current year.

Insider Buying and Selling at Coupang

In related news, Director Benjamin Sun sold 700,000 shares of Coupang stock in a transaction on Monday, June 17th. The stock was sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the sale, the director now directly owns 2,169,421 shares in the company, valued at $44,755,155.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Benjamin Sun sold 700,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the completion of the transaction, the director now owns 2,169,421 shares in the company, valued at $44,755,155.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Jonathan D. Lee sold 5,000 shares of Coupang stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $21.45, for a total transaction of $107,250.00. Following the completion of the sale, the chief accounting officer now directly owns 120,835 shares in the company, valued at approximately $2,591,910.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 753,538 shares of company stock worth $15,662,818. Insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group upgraded shares of Coupang from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.50 to $26.00 in a report on Thursday, May 16th. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Barclays upped their price target on Coupang from $25.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Citigroup boosted their price objective on Coupang from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Bank of America initiated coverage on Coupang in a report on Friday, May 3rd. They issued a “buy” rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.67.

View Our Latest Stock Report on Coupang

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.

Further Reading

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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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