Coupang, Inc. (NYSE:CPNG) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in Coupang, Inc. (NYSE:CPNG) by 9.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,606 shares of the company’s stock after acquiring an additional 7,148 shares during the quarter. Cetera Investment Advisers’ holdings in Coupang were worth $1,855,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of Coupang by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 85,489 shares of the company’s stock worth $1,879,000 after buying an additional 445 shares during the last quarter. Virtus ETF Advisers LLC raised its stake in shares of Coupang by 1.1% during the 4th quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company’s stock worth $975,000 after buying an additional 466 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Coupang by 4.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 11,768 shares of the company’s stock worth $258,000 after buying an additional 476 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Coupang by 8.6% during the 4th quarter. National Bank of Canada FI now owns 6,944 shares of the company’s stock worth $153,000 after buying an additional 548 shares during the last quarter. Finally, Snowden Capital Advisors LLC raised its stake in shares of Coupang by 1.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 49,908 shares of the company’s stock worth $1,097,000 after buying an additional 603 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Activity at Coupang

In other news, CFO Gaurav Anand sold 175,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $28.11, for a total transaction of $4,919,250.00. Following the completion of the transaction, the chief financial officer owned 2,092,290 shares of the company’s stock, valued at $58,814,271.90. This represents a 7.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the transaction, the insider directly owned 309,542,259 shares of the company’s stock, valued at approximately $8,744,568,816.75. This represents a 3.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,462,003 shares of company stock worth $295,397,453. Corporate insiders own 12.78% of the company’s stock.

Coupang Trading Up 0.2%

Shares of CPNG stock opened at $27.86 on Friday. The firm has a 50-day moving average price of $29.45 and a 200 day moving average price of $25.73. Coupang, Inc. has a twelve month low of $19.02 and a twelve month high of $31.65. The company has a market capitalization of $50.58 billion, a price-to-earnings ratio of 139.31 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.34 billion. During the same period in the prior year, the company earned $0.07 EPS. The company’s revenue was up 16.4% compared to the same quarter last year. Research analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPNG has been the subject of several research reports. Nomura raised Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research note on Wednesday. Mizuho raised shares of Coupang to a “hold” rating in a research note on Friday, April 18th. Nomura Securities raised shares of Coupang to a “strong-buy” rating in a research note on Wednesday. Finally, Barclays boosted their target price on shares of Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.57.

Coupang Company 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.