Investment House LLC Buys Shares of 155,646 Coupang, Inc. (NYSE:CPNG)

Investment House LLC acquired a new position in Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 155,646 shares of the company's stock, valued at approximately $2,520,000.

Other institutional investors have also added to or reduced their stakes in the company. Headinvest LLC acquired a new position in shares of Coupang in the third quarter valued at $29,000. NBC Securities Inc. bought a new stake in shares of Coupang in the third quarter valued at about $51,000. Deuterium Capital Management LLC bought a new stake in shares of Coupang during the 3rd quarter worth approximately $170,000. Orion Portfolio Solutions LLC bought a new stake in shares of Coupang during the 3rd quarter worth approximately $172,000. Finally, Resonant Capital Advisors LLC bought a new stake in shares of Coupang during the 3rd quarter worth approximately $173,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coupang

In other Coupang news, Director Neil Mehta sold 1,600,000 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $18.68, for a total transaction of $29,888,000.00. Following the transaction, the director now owns 48,006,135 shares in the company, valued at approximately $896,754,601.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Neil Mehta sold 1,600,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $18.68, for a total value of $29,888,000.00. Following the completion of the sale, the director now directly owns 48,006,135 shares of the company's stock, valued at approximately $896,754,601.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Harold Rogers sold 139,080 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the sale, the insider now directly owns 394,192 shares of the company's stock, valued at $7,194,004. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,355,590 shares of company stock valued at $633,443,979. 14.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CPNG has been the subject of a number of research analyst reports. Citigroup upgraded shares of Coupang from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $19.00 to $26.00 in a research report on Monday, April 15th. Barclays upped their price objective on shares of Coupang from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and upped their price objective for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. Finally, TheStreet upgraded shares of Coupang from a "d+" rating to a "c-" rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.42.

Coupang Stock Performance

NYSE CPNG traded up $0.19 during trading hours on Monday, reaching $23.10. 11,080,818 shares of the company were exchanged, compared to its average volume of 13,239,067. The stock has a market capitalization of $41.43 billion, a P/E ratio of 30.75 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The business's 50 day simple moving average is $18.98 and its 200-day simple moving average is $16.99. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $23.40.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, beating 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 company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the business earned $0.06 earnings per share. Coupang's revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts expect that Coupang, Inc. will post 0.32 earnings per share for the current 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.