Quantinno Capital Management LP Grows Stock Position in Coupang, Inc. (NYSE:CPNG)

Quantinno Capital Management LP raised its holdings in Coupang, Inc. (NYSE:CPNG) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,345 shares of the company’s stock after buying an additional 8,173 shares during the quarter. Quantinno Capital Management LP’s holdings in Coupang were worth $5,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in Coupang during the third quarter worth approximately $28,000. Asset Dedication LLC grew its stake in shares of Coupang by 438.1% during 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 during the period. Van ECK Associates Corp increased its holdings in shares of Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares during the last quarter. GAMMA Investing LLC raised its position 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 period. Finally, Wolff Wiese Magana LLC boosted its holdings in Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after acquiring an additional 1,295 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Down 0.5 %

NYSE CPNG opened at $23.90 on Friday. 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, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $26.91. The business has a 50 day moving average price of $25.02 and a two-hundred day moving average price of $23.10. The stock has a market cap of $42.99 billion, a PE ratio of 41.93, a P/E/G ratio of 214.85 and a beta of 1.07.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. As a group, sell-side analysts predict that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CPNG has been the subject of several research analyst reports. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and upped their price target for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have assigned 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.

Insider Activity

In related news, Director Greenoaks Capital Partners Llc purchased 750,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of $24.01 per share, with a total value of $18,007,500.00. Following the completion of the transaction, the director now owns 52,038,723 shares of the company’s stock, valued at $1,249,449,739.23. This represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders own 13.60% of the company’s stock.

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.