Focus Partners Wealth Invests $1.86 Million in Coupang, Inc. $CPNG

Focus Partners Wealth bought a new position in Coupang, Inc. (NYSE:CPNG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 84,600 shares of the company's stock, valued at approximately $1,855,000.

Several other hedge funds also recently bought and sold shares of CPNG. Bayforest Capital Ltd bought a new position in shares of Coupang during the 1st quarter valued at about $181,000. Adalta Capital Management LLC lifted its holdings in shares of Coupang by 1.9% in the 1st quarter. Adalta Capital Management LLC now owns 79,729 shares of the company's stock valued at $1,748,000 after acquiring an additional 1,468 shares during the last quarter. Great Lakes Advisors LLC bought a new position in shares of Coupang in the 1st quarter valued at about $669,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Coupang in the 1st quarter valued at about $516,000. Finally, Petrus Trust Company LTA bought a new position in shares of Coupang in the 1st quarter valued at about $240,000. Institutional investors own 83.72% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CPNG shares. Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price objective for the company in a research note on Wednesday, August 6th. Nomura Securities raised Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price on the stock. in a research report on Wednesday, August 6th. Morgan Stanley raised their target price on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.14.

Coupang Trading Down 0.4%

NYSE CPNG opened at $33.38 on Wednesday. The company has a market capitalization of $60.85 billion, a PE ratio of 166.91 and a beta of 1.15. The company has a fifty day moving average of $29.76 and a 200 day moving average of $26.80. Coupang, Inc. has a 1 year low of $19.02 and a 1 year high of $33.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84.

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

Insiders Place Their Bets

In other news, VP Pranam Kolari sold 11,653 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $29.14, for a total transaction of $339,568.42. Following the completion of the sale, the vice president owned 158,676 shares of the company's stock, valued at $4,623,818.64. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Harold Rogers sold 64,755 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $32.06, for a total transaction of $2,076,045.30. Following the sale, the insider directly owned 449,569 shares of the company's stock, valued at $14,413,182.14. This represents a 12.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 988,983 shares of company stock valued at $31,203,966. Insiders own 12.78% of the company's stock.

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.

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