Summit Trail Advisors LLC Has $1.80 Million Position in Coupang, Inc. (NYSE:CPNG)

Summit Trail Advisors LLC lifted its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,406 shares of the company’s stock after purchasing an additional 1,440 shares during the quarter. Summit Trail Advisors LLC’s holdings in Coupang were worth $1,802,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC grew its holdings in Coupang by 438.7% during the 1st quarter. Acadian Asset Management LLC now owns 5,581 shares of the company’s stock worth $99,000 after acquiring an additional 4,545 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Coupang by 16.4% in the first quarter. Advisors Asset Management Inc. now owns 8,236 shares of the company’s stock valued at $147,000 after buying an additional 1,159 shares during the period. Lazard Asset Management LLC bought a new stake in Coupang in the first quarter valued at approximately $1,443,000. Bayesian Capital Management LP acquired a new stake in Coupang during the 1st quarter worth about $2,640,000. Finally, Motley Fool Asset Management LLC increased its holdings in shares of Coupang by 7.9% during the first quarter. Motley Fool Asset Management LLC now owns 52,927 shares of the company’s stock valued at $942,000 after acquiring an additional 3,875 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In related news, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. This represents a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,000,000 shares in the company, valued at approximately $45,940,000. The trade was a 88.24 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

Coupang Stock Performance

CPNG opened at $24.32 on Monday. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91. The firm has a market capitalization of $43.75 billion, a PE ratio of 42.67, a PEG ratio of 216.02 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average price is $24.99 and its 200 day moving average price is $22.95.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same quarter in the previous year, the company earned $0.05 earnings per share. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. As a group, sell-side analysts expect that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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