GSA Capital Partners LLP Purchases 19,095 Shares of Coupang, Inc. (NYSE:CPNG)

GSA Capital Partners LLP raised its holdings in Coupang, Inc. (NYSE:CPNG) by 25.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,676 shares of the company’s stock after purchasing an additional 19,095 shares during the quarter. GSA Capital Partners LLP’s holdings in Coupang were worth $2,300,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Asset Dedication LLC grew its holdings in shares of Coupang by 438.1% during the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after purchasing an additional 990 shares during the last quarter. Van ECK Associates Corp boosted its position in Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after buying an additional 484 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Coupang by 330.4% during the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after buying an additional 1,295 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Coupang by 308.2% during the second 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. Finally, Signaturefd LLC lifted its stake in shares of Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after acquiring an additional 1,931 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Activity at Coupang

In other news, Director Benjamin Sun sold 200,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the transaction, the director now owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Coupang news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were purchased at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the completion of the purchase, the director now owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the transaction, the director now owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CPNG has been the topic of a number of research reports. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Monday, October 7th. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and raised their price target for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Coupang currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Trading Down 0.3 %

CPNG opened at $24.11 on Tuesday. The stock has a market cap of $43.24 billion, a PE ratio of 42.29 and a beta of 1.10. The company has a quick ratio of 0.87, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91. The company has a fifty day moving average of $24.72 and a 200-day moving average of $22.83.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. During the same period last year, the company posted $0.05 EPS. The business’s quarterly revenue was up 27.2% on a year-over-year basis. On average, sell-side analysts predict that Coupang, Inc. will post 0.11 EPS for the current year.

About Coupang

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.