Wealth Enhancement Advisory Services LLC Increases Stake in Coupang, Inc. $CPNG

Wealth Enhancement Advisory Services LLC raised its position in shares of Coupang, Inc. (NYSE:CPNG) by 44.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 254,159 shares of the company’s stock after purchasing an additional 78,298 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Coupang were worth $5,980,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in shares of Coupang during the third quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new position in Coupang in the 3rd quarter worth approximately $32,000. Hilltop National Bank bought a new position in Coupang in the 3rd quarter valued at approximately $34,000. Fifth Third Bancorp lifted its position in Coupang by 1,250.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Coupang during the 3rd quarter valued at $40,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Stock Up 0.1%

NYSE CPNG opened at $18.11 on Monday. Coupang, Inc. has a 52 week low of $16.74 and a 52 week high of $34.08. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $33.10 billion, a P/E ratio of 150.89 and a beta of 1.20. The stock’s 50-day moving average price is $18.99 and its 200-day moving average price is $24.99.

Coupang (NYSE:CPNG) last released its earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $9.12 billion. During the same period in the prior year, the company posted $0.04 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Jonathan D. Lee sold 2,679 shares of Coupang stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $23.62, for a total transaction of $63,277.98. Following the transaction, the chief accounting officer owned 122,096 shares in the company, valued at approximately $2,883,907.52. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neil Mehta bought 3,000,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $18.68 per share, with a total value of $56,040,000.00. Following the acquisition, the director directly owned 52,978,114 shares in the company, valued at $989,631,169.52. This trade represents a 6.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders acquired 7,350,104 shares of company stock valued at $136,566,051. Company insiders own 12.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Nomura decreased their price target on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. UBS Group set a $25.00 price objective on Coupang in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Friday, January 16th. Sanford C. Bernstein reissued an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd. Finally, Citigroup lowered their target price on shares of Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.70.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.