Joel Isaacson & Co. LLC Invests $298,000 in Coupang, Inc. $CPNG

Key Points

• Joel Isaacson & Co. LLC invested approximately $298,000 in Coupang, acquiring 9,963 shares of the company's stock in the second quarter.
• Coupang's stock is currently valued at $32.31, with a market capitalization of $58.89 billion and a 1-year price range between $19.02 and $34.08.
• Recent insider transactions revealed VP Pranam Kolari and Director Benjamin Sun significantly reduced their holdings, selling 11,653 and 815,797 shares, respectively.

Joel Isaacson & Co. LLC acquired a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,963 shares of the company's stock, valued at approximately $298,000.

Several other large investors also recently modified their holdings of the company. Dodge & Cox increased its position in shares of Coupang by 101.6% during the first quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock worth $894,413,000 after buying an additional 20,555,600 shares during the period. Duquesne Family Office LLC increased its position in shares of Coupang by 4.5% during the first quarter. Duquesne Family Office LLC now owns 9,302,634 shares of the company's stock worth $204,007,000 after buying an additional 399,985 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Coupang by 436.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company's stock worth $190,497,000 after buying an additional 7,067,830 shares during the period. GQG Partners LLC acquired a new stake in shares of Coupang during the first quarter worth $168,127,000. Finally, Coronation Fund Managers Ltd. increased its position in shares of Coupang by 2.4% during the first quarter. Coronation Fund Managers Ltd. now owns 7,559,777 shares of the company's stock worth $165,786,000 after buying an additional 176,166 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Stock Down 0.4%

Coupang stock opened at $32.31 on Wednesday. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $34.08. The firm has a market capitalization of $58.89 billion, a price-to-earnings ratio of 161.53 and a beta of 1.18. The firm's fifty day moving average price is $30.33 and its two-hundred day moving average price is $27.79. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data 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 net margin of 1.13% and a return on equity of 7.47%. The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.34 billion. During the same period last year, the business posted $0.07 earnings per share. The firm's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities research analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In other Coupang news, VP Pranam Kolari sold 11,653 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $29.14, for a total value of $339,568.42. Following the transaction, the vice president directly owned 158,676 shares of the company's stock, valued at approximately $4,623,818.64. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 815,797 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $31.88, for a total transaction of $26,007,608.36. Following the transaction, the director directly owned 503,624 shares in the company, valued at $16,055,533.12. The trade was a 61.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 988,983 shares of company stock valued at $31,203,966. Corporate insiders own 12.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CPNG. Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of Coupang in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft cut shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target for the company. in a report on Wednesday, August 6th. Arete Research began coverage on shares of Coupang in a report on Thursday, September 18th. They issued a "buy" rating and a $40.00 price target for the company. Finally, Arete began coverage on shares of Coupang in a report on Thursday, September 18th. They issued a "buy" rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

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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