WCM Investment Management LLC Has $31.28 Million Stock Holdings in Coupang, Inc. (NYSE:CPNG)

WCM Investment Management LLC reduced its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,911,052 shares of the company's stock after selling 259,095 shares during the quarter. WCM Investment Management LLC owned about 0.11% of Coupang worth $31,284,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CPNG. Eagle Bay Advisors LLC bought a new stake in shares of Coupang during the second quarter valued at approximately $26,000. Headinvest LLC bought a new position in Coupang in the third quarter valued at approximately $29,000. Altshuler Shaham Ltd bought a new position in Coupang in the fourth quarter valued at approximately $36,000. Comerica Bank bought a new position in Coupang in the third quarter valued at approximately $43,000. Finally, NBC Securities Inc. bought a new position in Coupang in the third quarter valued at approximately $51,000. 83.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPNG. Citigroup cut shares of Coupang from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $20.00 to $17.00 in a research note on Tuesday, January 16th. UBS Group cut shares of Coupang from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $26.00 to $18.50 in a research note on Wednesday, December 20th. Barclays raised their price objective on shares of Coupang from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and increased their target price for the stock from $18.50 to $21.00 in a report on Thursday, February 29th. Finally, TheStreet upgraded shares of Coupang from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and a consensus price target of $20.92.

Insider Buying and Selling

In related news, insider Pranam Kolari sold 2,356 shares of the firm's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total transaction of $32,701.28. Following the sale, the insider now directly owns 182,844 shares in the company, valued at $2,537,874.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Pranam Kolari sold 2,356 shares of the firm's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total value of $32,701.28. Following the completion of the transaction, the insider now owns 182,844 shares of the company's stock, valued at $2,537,874.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Harold Rogers sold 139,080 shares of the firm's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the transaction, the insider now directly owns 394,192 shares of the company's stock, valued at approximately $7,194,004. The disclosure for this sale can be found here. Insiders have sold a total of 33,355,590 shares of company stock worth $633,443,979 over the last ninety days. Company insiders own 14.90% of the company's stock.

Coupang Trading Up 11.5 %

CPNG traded up $2.19 during mid-day trading on Friday, hitting $21.25. The stock had a trading volume of 51,059,719 shares, compared to its average volume of 11,329,114. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $21.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.90. The stock's fifty day simple moving average is $17.43 and its 200-day simple moving average is $16.62. The firm has a market capitalization of $38.11 billion, a price-to-earnings ratio of 28.33 and a beta of 1.32.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the business posted $0.06 earnings per share. The firm's quarterly revenue was up 23.2% on a year-over-year basis. As a group, research analysts forecast that Coupang, Inc. will post 0.29 EPS for the current fiscal year.

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.