Harbour Capital Advisors LLC Has $642,000 Holdings in Coupang, Inc. (NYSE:CPNG)

Harbour Capital Advisors LLC boosted its position in shares of Coupang, Inc. (NYSE:CPNG) by 21.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,650 shares of the company’s stock after acquiring an additional 4,975 shares during the period. Harbour Capital Advisors LLC’s holdings in Coupang were worth $642,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Handelsbanken Fonder AB lifted its position in shares of Coupang by 2.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company’s stock worth $21,706,000 after purchasing an additional 24,553 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Coupang by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock worth $18,640,000 after buying an additional 138,416 shares during the last quarter. abrdn plc boosted its position in shares of Coupang by 40.2% in the third quarter. abrdn plc now owns 202,359 shares of the company’s stock valued at $4,968,000 after acquiring an additional 58,060 shares during the period. Plotkin Financial Advisors LLC acquired a new stake in shares of Coupang in the third quarter worth $491,000. Finally, Coronation Fund Managers Ltd. increased its position in Coupang by 139.1% during the third 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 currently owned by institutional investors.

Insider Activity

In other Coupang news, Director Greenoaks Capital Partners Llc bought 750,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were bought at an average price of $24.01 per share, for a total transaction of $18,007,500.00. Following the completion of the acquisition, the director now owns 52,038,723 shares of the company’s stock, valued at approximately $1,249,449,739.23. This trade represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the sale, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

Coupang Price Performance

CPNG traded up $0.39 during midday trading on Monday, reaching $21.73. 3,343,021 shares of the company’s stock were exchanged, compared to its average volume of 6,453,754. Coupang, Inc. has a one year low of $13.51 and a one year high of $26.91. The firm has a market capitalization of $39.09 billion, a price-to-earnings ratio of 38.12, a price-to-earnings-growth ratio of 215.03 and a beta of 1.10. The business has a 50-day simple moving average of $23.77 and a two-hundred day simple moving average of $23.27. 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 announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. 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 firm earned $0.05 EPS. Coupang’s quarterly revenue was up 27.2% on a year-over-year basis. As a group, research analysts predict that Coupang, Inc. will post 0.11 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup decreased their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang 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.