Daymark Wealth Partners LLC Purchases Shares of 9,972 Coupang, Inc. (NYSE:CPNG)

Daymark Wealth Partners LLC acquired a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,972 shares of the company's stock, valued at approximately $219,000.

Other hedge funds also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. bought a new position in Coupang in the 4th quarter worth approximately $26,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Coupang by 520.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after purchasing an additional 1,640 shares during the last quarter. Allworth Financial LP increased its position in shares of Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after purchasing an additional 1,986 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in Coupang by 142.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after buying an additional 1,429 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after buying an additional 822 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Down 0.3%

Shares of NYSE:CPNG traded down $0.08 during trading on Friday, reaching $28.23. The stock had a trading volume of 3,799,994 shares, compared to its average volume of 8,036,980. The firm's 50-day simple moving average is $25.09 and its 200 day simple moving average is $23.87. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a one year low of $18.16 and a one year high of $29.12. The company has a market capitalization of $51.25 billion, a P/E ratio of 49.61, a PEG ratio of 52.20 and a beta of 1.15.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $8.02 billion. The company's revenue was up 11.2% compared to the same quarter last year. As a group, research analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This trade represents a 12.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gaurav Anand sold 75,350 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $26.10, for a total value of $1,966,635.00. Following the completion of the sale, the chief financial officer now owns 2,267,290 shares in the company, valued at approximately $59,176,269. This represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,709,697 shares of company stock valued at $791,138,311 in the last three months. 12.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CPNG. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a report on Wednesday, February 26th. Barclays boosted their price target on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Finally, Mizuho upgraded Coupang to a "hold" rating in a report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Coupang currently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Coupang 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.