Coupang, Inc. $CPNG Shares Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its holdings in Coupang, Inc. by an unprecedented 2,870.1% during Q2, ending the quarter with 17,078 shares valued at $512,000.
• Institutional investors and hedge funds now own 83.72% of Coupang, with several firms, including Wealth Enhancement Advisory and GAMMA Investing, significantly boosting their stakes in recent quarters.
• Coupang reported a net margin of 1.13% and revenue of $8.52 billion for the most recent quarter, surpassing analyst expectations despite an earnings per share miss.

Farther Finance Advisors LLC grew its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 2,870.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,078 shares of the company's stock after purchasing an additional 16,503 shares during the quarter. Farther Finance Advisors LLC's holdings in Coupang were worth $512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPNG. Wealth Enhancement Advisory Services LLC boosted its stake in Coupang by 12.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,531 shares of the company's stock worth $209,000 after purchasing an additional 1,080 shares during the last quarter. California State Teachers Retirement System boosted its stake in Coupang by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock worth $1,879,000 after purchasing an additional 445 shares during the last quarter. Versant Capital Management Inc boosted its stake in Coupang by 834.2% during the 1st quarter. Versant Capital Management Inc now owns 5,979 shares of the company's stock worth $131,000 after purchasing an additional 5,339 shares during the last quarter. GAMMA Investing LLC boosted its stake in Coupang by 2,448.7% during the 1st quarter. GAMMA Investing LLC now owns 55,154 shares of the company's stock worth $1,210,000 after purchasing an additional 52,990 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Coupang by 2.8% during the 1st quarter. Rhumbline Advisers now owns 1,871,439 shares of the company's stock worth $41,041,000 after purchasing an additional 51,230 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Trading Up 1.2%

NYSE CPNG opened at $32.23 on Friday. The firm's 50-day moving average is $30.04 and its two-hundred day moving average is $27.33. Coupang, Inc. has a 12 month low of $19.02 and a 12 month high of $34.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84. The stock has a market capitalization of $58.76 billion, a P/E ratio of 161.17 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

CPNG has been the topic of several recent research reports. Nomura Securities raised shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their price target on shares of Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Arete Research initiated coverage on shares of Coupang in a research report on Thursday, September 18th. They set a "buy" rating and a $40.00 price target on the stock. Arete initiated coverage on shares of Coupang in a research report on Thursday, September 18th. They set a "buy" rating and a $40.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft cut shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target on the stock. in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Coupang presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.11.

Insider Activity at Coupang

In other Coupang news, Director Pedro Franceschi sold 21,428 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $32.05, for a total transaction of $686,767.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin Sun sold 815,797 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $31.88, for a total transaction of $26,007,608.36. Following the sale, the director owned 503,624 shares in the company, valued at $16,055,533.12. This trade represents a 61.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 988,983 shares of company stock valued at $31,203,966. 12.78% of the stock is owned by company insiders.

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.

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