Strs Ohio Has $4.40 Million Holdings in Coupang, Inc. (NYSE:CPNG)

Strs Ohio increased its position in shares of Coupang, Inc. (NYSE:CPNG) by 44.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,707 shares of the company’s stock after acquiring an additional 84,040 shares during the quarter. Strs Ohio’s holdings in Coupang were worth $4,398,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vontobel Holding Ltd. raised its holdings in shares of Coupang by 18.2% during the fourth quarter. Vontobel Holding Ltd. now owns 40,185 shares of the company’s stock valued at $651,000 after acquiring an additional 6,195 shares during the period. Lecap Asset Management Ltd. purchased a new position in Coupang during the fourth quarter valued at approximately $719,000. NewEdge Wealth LLC grew its position in Coupang by 22.5% during the fourth quarter. NewEdge Wealth LLC now owns 21,815 shares of the company’s stock valued at $353,000 after purchasing an additional 4,000 shares in the last quarter. Klingman & Associates LLC purchased a new position in Coupang during the fourth quarter valued at approximately $195,000. Finally, Sapient Capital LLC purchased a new position in Coupang during the fourth quarter valued at approximately $2,486,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup raised shares of Coupang from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $19.00 to $26.00 in a research report on Monday. TheStreet raised shares of Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and boosted their price objective for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Finally, Barclays boosted their target price 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. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.42.

Insider Buying and Selling

In related news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now directly 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 SEC, which is available through this link. In related news, insider Harold Rogers sold 139,080 shares of the company’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 in the company, valued at approximately $7,194,004. The transaction was disclosed in a filing with the SEC, which is available 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 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 $6,929,948,343.59. The disclosure for this sale can be found here. In the last three months, insiders sold 33,355,590 shares of company stock valued at $633,443,979. Company insiders own 14.90% of the company’s stock.

Coupang Stock Performance

CPNG stock opened at $22.31 on Friday. 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 company has a market capitalization of $40.01 billion, a price-to-earnings ratio of 29.75 and a beta of 1.32. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $22.89. The firm has a 50 day moving average of $18.08 and a two-hundred day moving average of $16.77.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.40 billion. Coupang had a net margin of 5.57% and a return on equity of 15.04%. Coupang’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. As a group, equities analysts anticipate that Coupang, Inc. will post 0.32 EPS for the current fiscal year.

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.