Atria Wealth Solutions Inc. Takes $205,000 Position in Coupang, Inc. $CPNG

Atria Wealth Solutions Inc. acquired a new stake in Coupang, Inc. (NYSE:CPNG) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,347 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock worth $1,663,594,000 after buying an additional 17,123,637 shares during the last quarter. Durable Capital Partners LP increased its holdings in shares of Coupang by 13.6% in the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock valued at $629,426,000 after purchasing an additional 3,420,133 shares during the last quarter. Dragoneer Investment Group LLC increased its holdings in shares of Coupang by 9.0% in the fourth quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company’s stock valued at $451,497,000 after purchasing an additional 1,690,826 shares during the last quarter. HMI Capital Management L.P. increased its holdings in shares of Coupang by 4.2% in the fourth quarter. HMI Capital Management L.P. now owns 11,662,498 shares of the company’s stock valued at $256,342,000 after purchasing an additional 470,000 shares during the last quarter. Finally, Foxhaven Asset Management LP increased its holdings in shares of Coupang by 7.9% in the fourth quarter. Foxhaven Asset Management LP now owns 11,417,962 shares of the company’s stock valued at $250,967,000 after purchasing an additional 833,212 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Trading Down 0.7%

CPNG opened at $28.14 on Monday. Coupang, Inc. has a twelve month low of $19.02 and a twelve month high of $31.65. The company has a 50-day simple moving average of $29.43 and a 200 day simple moving average of $25.97. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $51.30 billion, a price-to-earnings ratio of 140.71 and a beta of 1.16.

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

Analyst Upgrades and Downgrades

CPNG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Coupang from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a report on Wednesday, August 6th. 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 report on Thursday, May 8th. Nomura raised shares of Coupang from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, August 6th. Nomura Securities raised shares of Coupang to a “strong-buy” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen cut shares of Coupang from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.57.

Insider Activity

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the completion of the transaction, the insider owned 309,542,259 shares of the company’s stock, valued at approximately $8,744,568,816.75. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gaurav Anand sold 75,350 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.79, for a total value of $2,093,976.50. Following the transaction, the chief financial officer directly owned 2,016,940 shares of the company’s stock, valued at approximately $56,050,762.60. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,462,003 shares of company stock worth $295,524,795. 12.78% of the stock is owned by company insiders.

Coupang 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.