Campbell & CO Investment Adviser LLC Boosts Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Campbell & CO Investment Adviser LLC raised its position in shares of Coupang, Inc. (NYSE:CPNGFree Report) by 57.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,903 shares of the company’s stock after acquiring an additional 17,489 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Coupang were worth $776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CPNG. Headinvest LLC acquired a new position in Coupang in the 3rd quarter valued at $29,000. Nomura Asset Management Co. Ltd. grew its stake in Coupang by 27.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company’s stock valued at $138,000 after acquiring an additional 1,821 shares in the last quarter. Integrity Wealth Solutions LLC acquired a new stake in Coupang in the 4th quarter valued at about $163,000. Klingman & Associates LLC acquired a new position in shares of Coupang during the 4th quarter worth approximately $195,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Coupang in the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Trading Up 0.6 %

NYSE CPNG opened at $21.91 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89. The stock has a market capitalization of $39.17 billion, a P/E ratio of 31.30, a PEG ratio of 39.49 and a beta of 1.12. The firm’s 50-day moving average is $21.70 and its two-hundred day moving average is $18.15. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $23.77.

Coupang (NYSE:CPNGGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coupang had a return on equity of 13.59% and a net margin of 4.96%. The company had revenue of $7.11 billion during the quarter, compared to analyst estimates of $6.95 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The business’s revenue was up 22.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Coupang, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America assumed coverage on Coupang in a research note on Friday, May 3rd. They set a “buy” rating and a $30.00 price objective on the stock. UBS Group raised shares of Coupang from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.50 to $26.00 in a report on Thursday, May 16th. Mizuho raised their price objective on shares of Coupang from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. TheStreet upgraded shares of Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Finally, Citigroup raised their price target on shares of Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.67.

Get Our Latest Analysis on Coupang

Insider Transactions at Coupang

In related news, Director Hanseung Kang sold 40,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $23.00, for a total transaction of $920,000.00. Following the transaction, the director now owns 544,478 shares of the company’s stock, valued at approximately $12,522,994. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other 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 stock was sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the sale, the insider now owns 364,542,259 shares of the company’s stock, valued at $6,929,948,343.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hanseung Kang sold 40,000 shares of Coupang stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $23.00, for a total value of $920,000.00. Following the completion of the transaction, the director now owns 544,478 shares of the company’s stock, valued at $12,522,994. The disclosure for this sale can be found here. Insiders sold a total of 33,406,772 shares of company stock worth $634,633,096 over the last ninety days. Company insiders own 13.60% of the company’s stock.

Coupang Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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