AMS Capital Ltda Has $5.37 Million Position in Coupang, Inc. (NYSE:CPNG)

AMS Capital Ltda raised its stake in Coupang, Inc. (NYSE:CPNG) by 23.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 218,646 shares of the company’s stock after buying an additional 41,173 shares during the period. Coupang makes up 0.9% of AMS Capital Ltda’s investment portfolio, making the stock its 14th biggest position. AMS Capital Ltda’s holdings in Coupang were worth $5,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Dedication LLC boosted its position in 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. GAMMA Investing LLC lifted its holdings in shares of Coupang by 308.2% during the second 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 period. Wolff Wiese Magana LLC grew its stake in shares of Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after purchasing an additional 1,295 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Coupang in the first quarter valued at $50,000. Finally, Signaturefd LLC lifted its holdings in Coupang by 438.9% during the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after buying an additional 1,931 shares during the period. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Up 3.5 %

Shares of NYSE CPNG traded up $0.87 during midday trading on Wednesday, hitting $25.85. 4,024,372 shares of the stock traded hands, compared to its average volume of 9,738,243. 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 one year low of $13.51 and a one year high of $26.28. The business has a 50 day moving average price of $23.86 and a two-hundred day moving average price of $22.38. The company has a market cap of $46.22 billion, a PE ratio of 36.89, a P/E/G ratio of 282.07 and a beta of 1.11.

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

Insider Activity at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc bought 100,000 shares of Coupang stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the completion of the acquisition, the director now directly owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Greenoaks Capital Partners Llc bought 100,000 shares of Coupang stock in a transaction dated 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 transaction, the director now directly owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gaurav Anand sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $22.75, for a total value of $4,550,000.00. Following the completion of the transaction, the chief financial officer now owns 1,937,500 shares in the company, valued at approximately $44,078,125. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 601,300 shares of company stock valued at $13,604,354 and have sold 411,388 shares valued at $9,452,761. 13.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CPNG. CLSA raised Coupang from a “hold” rating to an “outperform” rating and increased their price target for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. Morgan Stanley increased their target price on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Finally, Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Monday, October 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Company 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.