Lido Advisors LLC Purchases New Shares in Coupang, Inc. (NYSE:CPNG)

Lido Advisors LLC bought a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,458 shares of the company's stock, valued at approximately $735,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its stake in Coupang by 85.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock worth $24,182,000 after purchasing an additional 506,622 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Coupang by 23.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock valued at $4,861,000 after buying an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC acquired a new position in Coupang during the fourth quarter valued at $2,618,000. New York Life Investment Management LLC acquired a new position in Coupang during the fourth quarter valued at $349,000. Finally, Ninety One UK Ltd purchased a new stake in Coupang in the 4th quarter worth about $46,388,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Stock Performance

Coupang stock traded up $2.68 during mid-day trading on Wednesday, reaching $26.68. The company had a trading volume of 31,756,934 shares, compared to its average volume of 7,779,110. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a market cap of $48.18 billion, a price-to-earnings ratio of 46.81, a PEG ratio of 52.20 and a beta of 1.08. The company has a 50 day moving average of $22.47 and a 200-day moving average of $23.40. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $26.99.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. The company's revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CPNG shares. Citigroup dropped their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Barclays set a $35.00 price objective on shares of Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. Mizuho upgraded shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.06.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the sale, the director now owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Pranam Kolari sold 9,347 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the sale, the vice president now owns 177,106 shares of the company's stock, valued at $4,223,978.10. This trade represents a 5.01 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by insiders.

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.