Janney Capital Management LLC Sells 8,713 Shares of Coupang, Inc. (NYSE:CPNG)

Janney Capital Management LLC decreased its position in shares of Coupang, Inc. (NYSE:CPNG) by 3.2% in the fourth quarter, HoldingsChannel reports. The fund owned 260,523 shares of the company’s stock after selling 8,713 shares during the quarter. Janney Capital Management LLC’s holdings in Coupang were worth $5,726,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Coupang during the 3rd quarter valued at $28,000. Asset Dedication LLC increased its position in 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 in the last quarter. Van ECK Associates Corp raised 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 buying an additional 484 shares during the last quarter. 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 worth $41,000 after acquiring an additional 1,295 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Coupang by 438.9% in the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after acquiring an additional 1,931 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Trading Up 0.9 %

NYSE CPNG opened at $22.38 on Wednesday. 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 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The company has a market capitalization of $40.26 billion, a PE ratio of 39.29, a P/E/G ratio of 38.54 and a beta of 1.10. The company has a fifty day moving average of $23.37 and a 200 day moving average of $23.32.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. Research analysts forecast that Coupang, Inc. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CPNG shares. Citigroup decreased their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, October 7th. One 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.

Insiders Place Their Bets

In related news, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at $45,940,000. The trade was a 88.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 750,000 shares of Coupang stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $24.01 per share, with a total value of $18,007,500.00. Following the acquisition, the director now directly owns 52,038,723 shares in the company, valued at $1,249,449,739.23. This trade represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. Insiders own 13.60% of the company’s stock.

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.