Wealth Enhancement Advisory Services LLC Has $209,000 Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Wealth Enhancement Advisory Services LLC grew its position in shares of Coupang, Inc. (NYSE:CPNG) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,531 shares of the company’s stock after purchasing an additional 1,080 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Coupang were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CPNG. Itau Unibanco Holding S.A. boosted its stake in shares of Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock valued at $43,000 after purchasing an additional 1,640 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after purchasing an additional 1,986 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company’s stock valued at $53,000 after purchasing an additional 1,429 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock valued at $70,000 after purchasing an additional 822 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in shares of Coupang during the fourth quarter valued at about $80,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Price Performance

Shares of CPNG opened at $28.35 on Tuesday. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $29.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The business’s 50 day moving average price is $25.43 and its two-hundred day moving average price is $23.89. The firm has a market cap of $51.46 billion, a PE ratio of 49.73, a price-to-earnings-growth ratio of 52.20 and a beta of 1.15.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. Coupang’s revenue was up 11.2% compared to the same quarter last year. On average, equities analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on CPNG shares. Barclays lifted their price objective on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Mizuho raised Coupang to a “hold” rating in a research note on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.64.

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 9,347 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the transaction, the vice president now directly owns 177,106 shares in the company, valued at $4,223,978.10. This represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $28.36, for a total value of $5,672,000.00. Following the transaction, the director now owns 1,319,421 shares in the company, valued at $37,418,779.56. This trade represents a 13.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,459,697 shares of company stock worth $785,280,811. 12.78% of the stock is owned by corporate 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.