Coupang, Inc. (NYSE:CPNG) is Rose Park Advisors LLC’s Largest Position

Rose Park Advisors LLC cut its stake in shares of Coupang, Inc. (NYSE:CPNG) by 16.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 713,628 shares of the company’s stock after selling 135,667 shares during the quarter. Coupang comprises approximately 100.0% of Rose Park Advisors LLC’s portfolio, making the stock its biggest position. Rose Park Advisors LLC’s holdings in Coupang were worth $17,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of CPNG. GAMMA Investing LLC increased its holdings in Coupang by 308.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after buying an additional 1,470 shares in the last quarter. Register Financial Advisors LLC bought a new stake in shares of Coupang in the first quarter worth approximately $50,000. Opal Wealth Advisors LLC purchased a new stake in Coupang in the second quarter worth approximately $74,000. Benjamin F. Edwards & Company Inc. increased its position in Coupang by 360.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock valued at $86,000 after acquiring an additional 3,224 shares during the last quarter. Finally, Northwest Capital Management Inc purchased a new stake in shares of Coupang during the 3rd quarter valued at about $87,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Gaurav Anand sold 200,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $22.75, for a total transaction of $4,550,000.00. Following the sale, the chief financial officer now directly owns 1,937,500 shares in the company, valued at approximately $44,078,125. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Gaurav Anand sold 200,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $22.75, for a total value of $4,550,000.00. Following the sale, the chief financial officer now directly owns 1,937,500 shares of the company’s stock, valued at $44,078,125. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the transaction, the director now directly owns 50,476,224 shares in the company, valued at $1,158,429,340.80. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 601,300 shares of company stock valued at $13,604,354 and sold 411,388 shares valued at $9,452,761. Corporate insiders own 13.60% of the company’s stock.

Coupang Stock Down 0.4 %

Shares of CPNG stock opened at $25.53 on Friday. The stock has a market cap of $45.79 billion, a P/E ratio of 44.02, a PEG ratio of 282.07 and a beta of 1.11. The company’s fifty day simple moving average is $23.33 and its two-hundred day simple moving average is $21.96. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $26.28.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The firm had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.39 billion. During the same period last year, the firm posted $0.08 earnings per share. Coupang’s revenue for the quarter was up 25.4% compared to the same quarter last year. Analysts predict that Coupang, Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CPNG shares. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday. CLSA raised Coupang from a “hold” rating to an “outperform” rating and lifted their price objective for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. Finally, Morgan Stanley raised their target price on shares of Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coupang presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

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.