Wealth Enhancement Advisory Services LLC Has $1.02 Million Stock Position in Coupang, Inc. $CPNG

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 103.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,705 shares of the company’s stock after buying an additional 17,172 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Coupang were worth $1,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. SVB Wealth LLC bought a new position in shares of Coupang during the first quarter valued at about $28,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Coupang during the first quarter valued at about $30,000. Grove Bank & Trust bought a new position in shares of Coupang during the first quarter valued at about $33,000. Brooklyn Investment Group lifted its position in shares of Coupang by 43.1% during the first quarter. Brooklyn Investment Group now owns 1,680 shares of the company’s stock valued at $37,000 after purchasing an additional 506 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Coupang by 600.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,507 shares of the company’s stock valued at $55,000 after purchasing an additional 2,149 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Stock Performance

NYSE CPNG opened at $32.48 on Thursday. The company’s 50 day moving average is $30.14 and its 200-day moving average is $27.51. Coupang, Inc. has a 12-month low of $19.02 and a 12-month high of $34.08. 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 firm has a market cap of $59.21 billion, a P/E ratio of 162.40 and a beta of 1.18.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Arete Research assumed coverage on shares of Coupang in a research report on Thursday, September 18th. They set a “buy” rating and a $40.00 price target on the stock. Morgan Stanley raised their price target on shares of Coupang from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of Coupang from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Arete assumed coverage on shares of Coupang in a research report on Thursday, September 18th. They set a “buy” rating and a $40.00 price target on the stock. Finally, Nomura Securities raised shares of Coupang to a “strong-buy” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Insider Buying and Selling

In related news, insider Harold Rogers sold 64,755 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $32.06, for a total transaction of $2,076,045.30. Following the sale, the insider owned 449,569 shares of the company’s stock, valued at approximately $14,413,182.14. This represents a 12.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 815,797 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $31.88, for a total transaction of $26,007,608.36. Following the sale, the director directly owned 503,624 shares in the company, valued at $16,055,533.12. This trade represents a 61.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 988,983 shares of company stock valued at $31,203,966. Corporate insiders own 12.78% of the company’s stock.

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.