Amalgamated Bank Has $1.89 Million Holdings in Coupang, Inc. (NYSE:CPNG)

Amalgamated Bank trimmed its position in shares of Coupang, Inc. (NYSE:CPNG) by 1.8% during the third quarter, Holdings Channel.com reports. The firm owned 76,843 shares of the company’s stock after selling 1,430 shares during the period. Amalgamated Bank’s holdings in Coupang were worth $1,886,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPNG. Asset Dedication LLC boosted its stake in 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 shares of Coupang by 63.1% during 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 during the last quarter. GAMMA Investing LLC grew its holdings in 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. Wolff Wiese Magana LLC raised its position in Coupang by 330.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after buying an additional 1,295 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Coupang by 438.9% during 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 in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Up 1.7 %

CPNG opened at $24.51 on Wednesday. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91. The company’s 50-day moving average price is $24.72 and its two-hundred day moving average price is $22.83. The stock has a market cap of $43.96 billion, a price-to-earnings ratio of 43.00 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 (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating 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 business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the prior year, the business earned $0.05 earnings per share. Coupang’s revenue for the quarter was up 27.2% on a year-over-year basis. As a group, equities analysts expect that Coupang, Inc. will post 0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CPNG. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Monday, October 7th. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and increased their price objective 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 issued a buy rating to the company. According to MarketBeat, Coupang presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Insider Activity

In other news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $22.39 per share, with a total value of $2,239,000.00. Following the acquisition, the director now owns 50,376,224 shares in the company, valued at $1,127,923,655.36. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Coupang news, Director Benjamin Sun sold 200,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the sale, the director now owns 1,969,421 shares in the company, valued at $46,005,674.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Greenoaks Capital Partners Llc purchased 100,000 shares of Coupang stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $22.39 per share, with a total value of $2,239,000.00. Following the completion of the transaction, the director now owns 50,376,224 shares of the company’s stock, valued at $1,127,923,655.36. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 1,637,700 shares of company stock valued at $39,101,316 in the last 90 days. Insiders own 13.60% of the company’s stock.

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.