9,347 Shares in Coupang, Inc. $CPNG Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. purchased a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,347 shares of the company's stock, valued at approximately $205,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Coupang in the 1st quarter valued at $30,000. Grove Bank & Trust purchased a new stake in Coupang during the first quarter valued at about $33,000. Itau Unibanco Holding S.A. increased its position in shares of Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after buying an additional 1,640 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after buying an additional 1,429 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Coupang by 23.3% in the first quarter. Asset Management One Co. Ltd. now owns 3,211 shares of the company's stock worth $70,000 after purchasing an additional 606 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

Insider Buying and Selling at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the completion of the sale, the insider owned 309,542,259 shares of the company's stock, valued at approximately $8,744,568,816.75. This trade represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the sale, the director directly owned 1,319,421 shares in the company, valued at $37,418,779.56. This trade represents a 13.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,462,003 shares of company stock worth $295,524,795. 12.78% of the stock is currently owned by company insiders.

Coupang Stock Down 2.3%

NYSE:CPNG traded down $0.6650 during trading hours on Thursday, hitting $28.1750. The stock had a trading volume of 7,153,548 shares, compared to its average volume of 9,453,318. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $31.65. The company has a market cap of $51.36 billion, a PE ratio of 140.83 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The business has a 50 day simple moving average of $29.47 and a two-hundred day simple moving average of $26.04.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Coupang had a return on equity of 7.47% and a net margin of 1.13%.The firm had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.34 billion. During the same quarter last year, the company earned $0.07 earnings per share. The business's revenue for the quarter was up 16.4% on a year-over-year basis. Analysts predict that Coupang, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley raised their price target on Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wall Street Zen cut Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Barclays boosted their price target on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Nomura upgraded Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price target on the stock in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective on the stock. in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Coupang has a consensus rating of "Moderate Buy" and an average price target of $31.13.

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.