9,287 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by Clark Estates Inc. NY

Clark Estates Inc. NY bought a new stake in Coupang, Inc. (NYSE:CPNG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,287 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC grew its holdings in shares of Coupang by 438.7% in the first quarter. Acadian Asset Management LLC now owns 5,581 shares of the company’s stock valued at $99,000 after purchasing an additional 4,545 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Coupang by 16.4% during the 1st quarter. Advisors Asset Management Inc. now owns 8,236 shares of the company’s stock worth $147,000 after buying an additional 1,159 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Coupang during the 1st quarter valued at approximately $1,443,000. Untitled Investments LP lifted its stake in shares of Coupang by 16.4% in the 1st quarter. Untitled Investments LP now owns 1,536,396 shares of the company’s stock valued at $27,332,000 after purchasing an additional 216,050 shares during the last quarter. Finally, Advisory Resource Group lifted its position in Coupang by 18.6% in the first quarter. Advisory Resource Group now owns 58,291 shares of the company’s stock valued at $1,037,000 after buying an additional 9,149 shares during the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price on the stock in a research report on Monday, October 7th. 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 report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Trading Up 0.8 %

Shares of CPNG stock opened at $25.21 on Wednesday. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $25.03 and its two-hundred day moving average is $22.99. The company has a market capitalization of $45.34 billion, a P/E ratio of 44.22, a price-to-earnings-growth ratio of 225.02 and a beta of 1.10.

Coupang (NYSE:CPNG) last posted its quarterly 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 for 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 for the quarter was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. Equities analysts forecast that Coupang, Inc. will post 0.11 EPS for the current year.

Insider Activity

In related news, Director Greenoaks Capital Partners Llc bought 750,000 shares of the stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $24.01 per share, for a total transaction of $18,007,500.00. Following the acquisition, the director now owns 52,038,723 shares in the company, valued at $1,249,449,739.23. This represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of the business’s stock in a transaction on 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 directly owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.