Vanguard Personalized Indexing Management LLC Has $2.46 Million Holdings in Coupang, Inc. $CPNG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Coupang, Inc. by 34.8%, bringing its holdings to $2.46 million.
• Several institutional investors have also raised their stakes in Coupang, with 83.72% of the company's stock now owned by institutional investors.
• Analyst ratings for Coupang are mixed, with a consensus rating of "Moderate Buy" and an average price target of $33.50.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 34.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,154 shares of the company's stock after buying an additional 21,227 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Coupang were worth $2,461,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new position in Coupang during the second quarter worth $272,000. Aberdeen Group plc boosted its stake in Coupang by 11.3% during the second quarter. Aberdeen Group plc now owns 602,922 shares of the company's stock valued at $18,064,000 after buying an additional 61,150 shares during the period. Blue Trust Inc. lifted its holdings in shares of Coupang by 92.9% during the 2nd quarter. Blue Trust Inc. now owns 5,954 shares of the company's stock worth $178,000 after acquiring an additional 2,867 shares during the last quarter. Ramirez Asset Management Inc. grew its holdings in shares of Coupang by 185.4% during the 2nd quarter. Ramirez Asset Management Inc. now owns 178,638 shares of the company's stock valued at $5,352,000 after purchasing an additional 116,046 shares during the last quarter. Finally, Callan Family Office LLC bought a new stake in Coupang during the 2nd quarter valued at $246,000. Institutional investors own 83.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CPNG shares. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price for the company. in a report on Wednesday, August 6th. Morgan Stanley boosted their target price on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Arete assumed coverage on Coupang in a report on Thursday, September 18th. They issued a "buy" rating and a $40.00 price target for the company. Zacks Research downgraded Coupang from a "hold" rating to a "strong sell" rating in a research note on Monday, October 6th. Finally, Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price for the company in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.50.

Coupang Stock Down 0.6%

CPNG stock opened at $31.56 on Thursday. Coupang, Inc. has a one year low of $19.02 and a one year high of $34.08. The company has a 50 day moving average price of $30.64 and a two-hundred day moving average price of $28.11. The stock has a market capitalization of $57.53 billion, a P/E ratio of 157.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data 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 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 in the prior year, the firm earned $0.07 EPS. The business's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Insiders Place Their Bets

In other news, Director Pedro Franceschi sold 21,428 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $32.05, for a total value of $686,767.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Benjamin Sun sold 815,797 shares of Coupang stock in a transaction on 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 directly owned 503,624 shares of the company's stock, valued at $16,055,533.12. This represents a 61.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 988,983 shares of company stock valued at $31,203,966 over the last ninety days. Insiders own 12.78% of the company's stock.

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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