World Investment Advisors Invests $357,000 in Coupang, Inc. $CPNG

World Investment Advisors acquired a new stake in shares of Coupang, Inc. (NYSE:CPNG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,900 shares of the company’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Coupang by 73.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,533 shares of the company’s stock valued at $363,000 after acquiring an additional 7,002 shares during the period. Amalgamated Bank lifted its holdings in shares of Coupang by 6.7% in the 1st quarter. Amalgamated Bank now owns 82,427 shares of the company’s stock worth $1,808,000 after purchasing an additional 5,174 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in Coupang during the 1st quarter valued at approximately $241,000. D.A. Davidson & CO. grew its stake in Coupang by 7.5% during the 1st quarter. D.A. Davidson & CO. now owns 134,958 shares of the company’s stock worth $2,960,000 after buying an additional 9,419 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in Coupang by 10.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 30,001 shares of the company’s stock worth $658,000 after buying an additional 2,737 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Price Performance

Shares of NYSE:CPNG opened at $32.00 on Tuesday. The stock has a market cap of $58.34 billion, a price-to-earnings ratio of 160.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84. Coupang, Inc. has a 12 month low of $19.02 and a 12 month high of $34.08. The stock’s 50 day moving average price is $31.49 and its 200 day moving average price is $29.21.

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

Analysts Set New Price Targets

CPNG has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Coupang in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Coupang from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Wall Street Zen cut 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 note on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Nomura upgraded Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.50.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 815,797 shares of Coupang stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $31.88, for a total value of $26,007,608.36. Following the transaction, the director owned 503,624 shares of the company’s stock, valued at $16,055,533.12. The trade was a 61.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Harold Rogers sold 64,755 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $32.06, for a total transaction of $2,076,045.30. Following the completion of the sale, the insider owned 449,569 shares in the company, valued at $14,413,182.14. The trade was a 12.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 977,330 shares of company stock valued at $30,864,398 in the last three months. 12.78% of the stock is currently owned by insiders.

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.