Allen Capital Group LLC Purchases 4,112 Shares of Coupang, Inc. (NYSE:CPNG)

Allen Capital Group LLC grew its position in Coupang, Inc. (NYSE:CPNG) by 29.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,923 shares of the company’s stock after acquiring an additional 4,112 shares during the period. Allen Capital Group LLC’s holdings in Coupang were worth $394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in shares of Coupang by 4.1% in the 4th quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock valued at $253,000 after acquiring an additional 452 shares during the period. Ignite Planners LLC grew its position in shares of Coupang by 2.5% in the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock valued at $452,000 after acquiring an additional 483 shares during the period. Van ECK Associates Corp grew its position in shares of Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after acquiring an additional 484 shares during the period. Covestor Ltd grew its position in shares of Coupang by 10.4% in the 3rd quarter. Covestor Ltd now owns 6,479 shares of the company’s stock valued at $159,000 after acquiring an additional 612 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Coupang by 2.2% during the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock worth $850,000 after buying an additional 747 shares during the period. Institutional investors own 83.72% of the company’s stock.

Insider Activity

In related news, 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 transaction of $344,550,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at $45,940,000. This represents a 88.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greenoaks Capital Partners Llc acquired 750,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $24.01 per share, with a total value of $18,007,500.00. Following the completion of the transaction, the director now owns 52,038,723 shares in the company, valued at $1,249,449,739.23. This represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 13.60% of the company’s stock.

Coupang Price Performance

Shares of NYSE:CPNG opened at $23.02 on Thursday. The firm has a 50 day moving average of $23.12 and a 200-day moving average of $23.36. The stock has a market capitalization of $41.40 billion, a PE ratio of 40.38, a PEG ratio of 38.88 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. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $26.91.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS. On average, equities research analysts predict that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CPNG. Citigroup reduced their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Monday, October 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang 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.