Atria Investments Inc Has $567,000 Stock Position in Coupang, Inc. (NYSE:CPNG)

Atria Investments Inc raised its stake in Coupang, Inc. (NYSE:CPNG) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,111 shares of the company’s stock after acquiring an additional 937 shares during the quarter. Atria Investments Inc’s holdings in Coupang were worth $567,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Asset Dedication LLC increased its holdings in shares of Coupang by 438.1% during the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after purchasing an additional 990 shares during the period. Van ECK Associates Corp boosted its position in shares of Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after acquiring an additional 484 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Coupang by 330.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after acquiring an additional 1,295 shares in the last quarter. GAMMA Investing LLC boosted its position in Coupang by 308.2% in the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after buying an additional 1,470 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Coupang by 438.9% in the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after buying an additional 1,931 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPNG. Sanford C. Bernstein upgraded 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. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and lifted their target price for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coupang currently has a consensus rating of “Moderate Buy” and an average price target of $27.56.

Coupang Price Performance

Shares of Coupang stock opened at $24.19 on Wednesday. The stock has a market capitalization of $43.51 billion, a price-to-earnings ratio of 42.44, a price-to-earnings-growth ratio of 220.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company has a fifty day moving average of $24.97 and a 200-day moving average of $22.92. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $26.91.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same period last year, the company posted $0.05 EPS. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. Equities research analysts expect that Coupang, Inc. will post 0.11 EPS for the current year.

Insider Buying and Selling

In other news, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the transaction, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 750,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $24.01 per share, for a total transaction of $18,007,500.00. Following the purchase, the director now owns 52,038,723 shares in the company, valued at $1,249,449,739.23. This trade represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 13.60% of the stock is owned by company insiders.

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.