General Equity Holdings LP Makes New $7.61 Million Investment in Coupang, Inc. $CPNG

General Equity Holdings LP acquired a new stake in Coupang, Inc. (NYSE:CPNG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 254,100 shares of the company’s stock, valued at approximately $7,613,000. Coupang comprises approximately 5.8% of General Equity Holdings LP’s investment portfolio, making the stock its 3rd largest position.

Several other large investors have also recently modified their holdings of the stock. Albion Financial Group UT bought a new stake in shares of Coupang during the 2nd quarter worth approximately $30,000. SVB Wealth LLC purchased a new stake in Coupang in the first quarter worth $28,000. Loomis Sayles & Co. L P bought a new stake in shares of Coupang during the second quarter worth $45,000. Hollencrest Capital Management boosted its stake in shares of Coupang by 3,246.0% during the second quarter. Hollencrest Capital Management now owns 1,673 shares of the company’s stock valued at $50,000 after purchasing an additional 1,623 shares during the period. Finally, Brooklyn Investment Group grew its holdings in shares of Coupang by 43.1% in the first quarter. Brooklyn Investment Group now owns 1,680 shares of the company’s stock worth $37,000 after purchasing an additional 506 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Coupang Trading Down 1.0%

Shares of NYSE CPNG opened at $25.61 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.06 and a quick ratio of 0.82. The stock has a market capitalization of $46.78 billion, a P/E ratio of 121.96 and a beta of 1.18. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $34.08. The business has a fifty day moving average price of $29.43 and a 200 day moving average price of $29.71.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.13 billion. Coupang had a return on equity of 6.95% and a net margin of 1.16%.The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity at Coupang

In related news, VP Pranam Kolari sold 11,653 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $31.98, for a total transaction of $372,662.94. Following the completion of the sale, the vice president owned 147,023 shares of the company’s stock, valued at $4,701,795.54. This represents a 7.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPNG. Arete Research began coverage on shares of Coupang in a research note on Thursday, September 18th. They set a “buy” rating and a $40.00 price target for the company. Mizuho raised their price objective on Coupang from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Coupang in a report on Wednesday, October 8th. Bank of America increased their price target on Coupang from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Zacks Research upgraded Coupang from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.38.

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.