Wolff Wiese Magana LLC Raises Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Wolff Wiese Magana LLC raised its stake in shares of Coupang, Inc. (NYSE:CPNG) by 330.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,687 shares of the company’s stock after acquiring an additional 1,295 shares during the period. Wolff Wiese Magana LLC’s holdings in Coupang were worth $41,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CPNG. Asset Dedication LLC boosted its holdings in Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after purchasing an additional 990 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 1,470 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Coupang in the first quarter worth $50,000. Opal Wealth Advisors LLC purchased a new stake in Coupang during the second quarter valued at $74,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Coupang by 360.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock valued at $86,000 after acquiring an additional 3,224 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CPNG. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and boosted their price target for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. Morgan Stanley upped their target price on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Finally, Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target 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 given a buy rating to the company. According to MarketBeat, Coupang presently has a consensus rating of “Moderate Buy” and an average price target of $27.56.

Coupang Stock Performance

Shares of NYSE CPNG opened at $25.38 on Thursday. The stock has a market cap of $45.37 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 282.07 and a beta of 1.11. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $26.28. The firm has a fifty day moving average price of $23.71 and a 200-day moving average price of $22.21. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The business had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.39 billion. During the same quarter in the prior year, the business posted $0.08 EPS. Coupang’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities analysts anticipate that Coupang, Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Coupang

In other Coupang news, insider Pranam Kolari sold 10,432 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 170,356 shares in the company, valued at $3,390,084.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Greenoaks Capital Partners Llc acquired 150,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $22.64 per share, for a total transaction of $3,396,000.00. Following the completion of the transaction, the director now directly owns 49,874,924 shares in the company, valued at approximately $1,129,168,279.36. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pranam Kolari sold 10,432 shares of Coupang 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 in the company, valued at $3,390,084.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 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 corporate insiders.

About Coupang

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.