NBC Securities Inc. Takes $51,000 Position in Coupang, Inc. (NYSE:CPNG)

NBC Securities Inc. bought a new position in shares of Coupang, Inc. (NYSE:CPNGFree Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,000 shares of the company’s stock, valued at approximately $51,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CPNG. Cetera Advisor Networks LLC grew its stake in Coupang by 2.7% in the second quarter. Cetera Advisor Networks LLC now owns 22,462 shares of the company’s stock valued at $391,000 after purchasing an additional 583 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Coupang by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 26,558 shares of the company’s stock valued at $462,000 after purchasing an additional 665 shares in the last quarter. CIBC Asset Management Inc grew its stake in Coupang by 2.3% in the third quarter. CIBC Asset Management Inc now owns 39,502 shares of the company’s stock valued at $672,000 after purchasing an additional 899 shares in the last quarter. Fund Management at Engine No. 1 LLC grew its stake in Coupang by 7.9% in the second quarter. Fund Management at Engine No. 1 LLC now owns 13,364 shares of the company’s stock valued at $233,000 after purchasing an additional 981 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Coupang by 2.2% in the second quarter. PNC Financial Services Group Inc. now owns 49,262 shares of the company’s stock valued at $857,000 after purchasing an additional 1,062 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $15.39, for a total value of $461,700,000.00. Following the completion of the sale, the insider now owns 396,156,413 shares in the company, valued at approximately $6,096,847,196.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of Coupang stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $15.39, for a total transaction of $461,700,000.00. Following the sale, the insider now directly owns 396,156,413 shares of the company’s stock, valued at $6,096,847,196.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pranam Kolari sold 2,356 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $13.88, for a total value of $32,701.28. Following the completion of the transaction, the insider now directly owns 182,844 shares of the company’s stock, valued at $2,537,874.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,008,646 shares of company stock valued at $461,832,871. Insiders own 14.90% of the company’s stock.

Coupang Price Performance

NYSE CPNG opened at $14.04 on Wednesday. Coupang, Inc. has a twelve month low of $12.66 and a twelve month high of $19.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.14. The stock has a market capitalization of $25.10 billion, a PE ratio of 58.50 and a beta of 1.19. The stock has a 50-day simple moving average of $15.55 and a 200 day simple moving average of $16.84.

Coupang (NYSE:CPNGGet Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). Coupang had a return on equity of 16.09% and a net margin of 1.86%. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the firm posted $0.05 EPS. Coupang’s revenue for the quarter was up 21.2% on a year-over-year basis. Research analysts anticipate that Coupang, Inc. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CPNG shares. TheStreet downgraded Coupang from a “c-” rating to a “d+” rating in a research note on Wednesday, November 8th. UBS Group downgraded Coupang from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $18.50 in a research note on Wednesday, December 20th. Finally, Citigroup downgraded Coupang from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $17.00 in a research note on Tuesday, January 16th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.79.

Check Out Our Latest Analysis on CPNG

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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