United Advisor Group LLC Raises Position in Coupang, Inc. (NYSE:CPNG)

United Advisor Group LLC lifted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 27.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,304 shares of the company’s stock after purchasing an additional 2,865 shares during the period. United Advisor Group LLC’s holdings in Coupang were worth $327,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CPNG. Asset Dedication LLC grew its stake in 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 buying an additional 990 shares in the last quarter. Van ECK Associates Corp grew its stake in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after buying an additional 484 shares in the last quarter. GAMMA Investing LLC grew its stake in Coupang by 308.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after buying an additional 1,470 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in Coupang by 330.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after buying an additional 1,295 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after buying an additional 1,931 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of Coupang stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the acquisition, the director now owns 50,476,224 shares in the company, valued at $1,158,429,340.80. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were acquired at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the purchase, the director now owns 50,476,224 shares of the company’s stock, valued at $1,158,429,340.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin Sun sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the transaction, the director now owns 1,969,421 shares in the company, valued at $46,005,674.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 601,300 shares of company stock valued at $13,604,354 and sold 400,956 shares valued at $9,245,164. 13.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CPNG has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, October 7th. CLSA upgraded shares of 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 report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.56.

Coupang Trading Down 10.7 %

Shares of Coupang stock opened at $24.01 on Thursday. The company’s fifty day simple moving average is $24.53 and its 200-day simple moving average is $22.79. The stock has a market capitalization of $43.06 billion, a PE ratio of 41.39 and a beta of 1.10. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $26.91. 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 announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a net margin of 3.87% and a return on equity of 12.04%. Coupang’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. As a group, equities analysts anticipate that Coupang, Inc. will post -0.03 earnings per share for the current year.

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.