Hennion & Walsh Asset Management Inc. Grows Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Hennion & Walsh Asset Management Inc. boosted its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,735 shares of the company's stock after acquiring an additional 10,884 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Coupang were worth $1,705,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CPNG. Wingate Wealth Advisors Inc. bought a new position in Coupang in the 4th quarter valued at about $26,000. Itau Unibanco Holding S.A. lifted its position in Coupang by 520.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after acquiring an additional 1,640 shares in the last quarter. Allworth Financial LP lifted 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 worth $45,000 after buying an additional 1,986 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Coupang by 142.9% during the 4th 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 in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after buying an additional 822 shares in the last quarter. Institutional investors own 83.72% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of Coupang stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $25.75, for a total value of $772,500,000.00. Following the completion of the transaction, the insider now directly owns 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. The trade was a 8.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gaurav Anand sold 175,000 shares of Coupang stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the completion of the transaction, the chief financial officer now owns 2,092,290 shares of the company's stock, valued at $58,814,271.90. This represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,709,697 shares of company stock valued at $791,138,311. 12.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Coupang Stock Performance

Shares of NYSE:CPNG traded down $0.08 during mid-day trading on Friday, reaching $28.46. The company had a trading volume of 7,601,516 shares, compared to its average volume of 8,013,675. 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 firm has a market cap of $51.67 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 52.20 and a beta of 1.15. The company's 50-day moving average price is $24.50 and its 200-day moving average price is $23.76. Coupang, Inc. has a one year low of $18.16 and a one year high of $28.88.

Coupang (NYSE:CPNG - Get Free Report) last posted 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). The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm's revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

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.