Geneos Wealth Management Inc. Has $247,000 Holdings in Coupang, Inc. (NYSE:CPNG)

Geneos Wealth Management Inc. raised its holdings in Coupang, Inc. (NYSE:CPNG) by 205.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,250 shares of the company’s stock after purchasing an additional 10,250 shares during the period. Geneos Wealth Management Inc.’s holdings in Coupang were worth $247,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new stake in Coupang during the 2nd quarter worth $26,000. Headinvest LLC acquired a new position in shares of Coupang in the third quarter valued at approximately $29,000. Altshuler Shaham Ltd bought a new position in Coupang in the 4th quarter valued at approximately $36,000. Comerica Bank acquired a new stake in Coupang during the 3rd quarter worth approximately $43,000. Finally, NBC Securities Inc. bought a new stake in Coupang during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Up 11.5 %

Shares of Coupang stock opened at $21.25 on Monday. The firm has a market cap of $38.11 billion, a price-to-earnings ratio of 28.33 and a beta of 1.32. The stock’s 50-day moving average is $17.43 and its 200 day moving average is $16.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.90. Coupang, Inc. has a one year low of $13.51 and a one year high of $21.43.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $6.40 billion. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Equities research analysts anticipate that Coupang, Inc. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CPNG shares. UBS Group downgraded shares of Coupang from a “buy” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $18.50 in a research note on Wednesday, December 20th. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and upped their price target for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Barclays raised their price objective on Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, Citigroup downgraded shares of Coupang from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $17.00 in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.92.

Insiders Place Their Bets

In other news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the transaction, the insider now owns 364,542,259 shares of the company’s stock, valued at approximately $6,929,948,343.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Neil Mehta sold 1,600,000 shares of Coupang stock in a transaction 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 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 SEC, which is accessible through the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the transaction, the insider now owns 364,542,259 shares in the company, valued at approximately $6,929,948,343.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,355,590 shares of company stock worth $633,443,979. 14.90% of the stock is currently owned by company insiders.

About Coupang

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.