HRT Financial LP Boosts Holdings in Coupang, Inc. (NYSE:CPNG)

HRT Financial LP increased its holdings in Coupang, Inc. (NYSE:CPNGFree Report) by 1,410.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,695,233 shares of the company’s stock after purchasing an additional 3,450,569 shares during the period. Coupang accounts for 0.7% of HRT Financial LP’s holdings, making the stock its 18th biggest holding. HRT Financial LP owned 0.21% of Coupang worth $59,123,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CPNG. Raymond James & Associates lifted its holdings in Coupang by 64.0% in the 1st quarter. Raymond James & Associates now owns 188,859 shares of the company’s stock worth $3,339,000 after purchasing an additional 73,703 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Coupang by 140.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,035,866 shares of the company’s stock worth $18,315,000 after purchasing an additional 605,499 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Coupang by 111.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,878 shares of the company’s stock worth $422,000 after purchasing an additional 12,562 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Coupang by 27.0% in the 1st quarter. HighTower Advisors LLC now owns 81,147 shares of the company’s stock worth $1,435,000 after purchasing an additional 17,248 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Coupang by 75.8% during the 1st quarter. Citigroup Inc. now owns 78,576 shares of the company’s stock worth $1,389,000 after acquiring an additional 33,890 shares in the last quarter. 72.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coupang

In other Coupang news, Director Benjamin Sun sold 150,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $16.04, for a total value of $2,406,000.00. Following the transaction, the director now owns 303,312 shares of the company’s stock, valued at approximately $4,865,124.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Tae Jung Kim sold 4,671 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $17.56, for a total transaction of $82,022.76. Following the transaction, the insider now owns 260,142 shares of the company’s stock, valued at approximately $4,568,093.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin Sun sold 150,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $16.04, for a total value of $2,406,000.00. Following the transaction, the director now directly owns 303,312 shares in the company, valued at approximately $4,865,124.48. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

Coupang Trading Up 0.9 %

NYSE:CPNG traded up $0.17 during midday trading on Friday, hitting $19.15. 7,020,645 shares of the company traded hands, compared to its average volume of 7,645,510. The firm’s fifty day moving average is $17.90 and its 200-day moving average is $16.43. Coupang, Inc. has a 12-month low of $12.66 and a 12-month high of $21.31. The firm has a market capitalization of $34.16 billion, a P/E ratio of 79.81 and a beta of 1.42. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26.

Coupang (NYSE:CPNGGet Free Report) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Coupang had a return on equity of 17.29% and a net margin of 1.94%. Coupang’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. On average, sell-side analysts predict that Coupang, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CPNG. Bank of America upped their price objective on Coupang from $19.00 to $22.00 in a report on Thursday, August 10th. Mizuho upped their price objective on Coupang from $20.00 to $22.00 in a report on Wednesday, August 9th. Deutsche Bank Aktiengesellschaft cut Coupang from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a report on Wednesday, August 9th. Barclays upped their price objective on Coupang from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, TheStreet raised Coupang from a “d” rating to a “c-” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Coupang has an average rating of “Moderate Buy” and a consensus target price of $23.26.

Read Our Latest Research Report on Coupang

Coupang Profile

(Free Report)

Coupang, Inc, together with its subsidiaries owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. The company operates through two segments, Product Commerce and Developing Offerings. 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.

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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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