Inspirion Wealth Advisors LLC Sells 2,000 Shares of Coupang, Inc. (NYSE:CPNG)

Inspirion Wealth Advisors LLC cut its position in shares of Coupang, Inc. (NYSE:CPNG) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,914 shares of the company’s stock after selling 2,000 shares during the quarter. Coupang accounts for 0.4% of Inspirion Wealth Advisors LLC’s portfolio, making the stock its 27th biggest holding. Inspirion Wealth Advisors LLC’s holdings in Coupang were worth $3,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Coupang in the third quarter valued at about $28,000. Asset Dedication LLC boosted its stake in shares of Coupang by 438.1% in the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after purchasing an additional 990 shares during the last quarter. Van ECK Associates Corp boosted its stake in Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after acquiring an additional 484 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Coupang by 330.4% in the 3rd 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. Finally, Signaturefd LLC grew its position in shares of 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 and hedge funds own 83.72% of the company’s stock.

Coupang Stock Down 0.1 %

Coupang stock opened at $22.31 on Friday. The company’s 50-day moving average price is $23.56 and its two-hundred day moving average price is $23.28. The stock has a market cap of $40.13 billion, a P/E ratio of 39.14, a P/E/G ratio of 34.64 and a beta of 1.10. Coupang, Inc. has a twelve month low of $13.51 and a twelve month 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 earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. As a group, analysts expect that Coupang, Inc. will post 0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CPNG shares. 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 research report on Monday, October 7th. Citigroup lowered their price target on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One 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, Coupang currently has an average rating of “Moderate Buy” and an average price target of $27.56.

Insider Activity

In other news, CEO Bom Kim sold 15,000,000 shares of the stock in a transaction dated 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 in the company, valued at $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of the company’s stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the transaction, the director now owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. This represents a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 13.60% of the company’s stock.

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.