Ameritas Advisory Services LLC Purchases New Position in Coupang, Inc. $CPNG

Ameritas Advisory Services LLC acquired a new position in shares of Coupang, Inc. (NYSE:CPNG) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,949 shares of the company’s stock, valued at approximately $58,000.

Other large investors also recently bought and sold shares of the company. Albion Financial Group UT purchased a new stake in Coupang during the 2nd quarter worth approximately $30,000. SVB Wealth LLC purchased a new stake in Coupang during the 1st quarter worth approximately $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Coupang during the 1st quarter worth approximately $30,000. Grove Bank & Trust purchased a new stake in Coupang during the 1st quarter worth approximately $33,000. Finally, Brooklyn Investment Group increased its stake in Coupang by 43.1% during the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company’s stock worth $37,000 after buying an additional 506 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coupang

In related news, Director Benjamin Sun sold 815,797 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $31.88, for a total value of $26,007,608.36. Following the transaction, the director directly owned 503,624 shares in the company, valued at approximately $16,055,533.12. This represents a 61.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pedro Franceschi sold 21,428 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $32.05, for a total value of $686,767.40. The disclosure for this sale can be found here. Insiders sold a total of 988,983 shares of company stock valued at $31,203,966 in the last ninety days. 12.78% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CPNG shares. Wall Street Zen lowered Coupang from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Nomura upgraded Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, August 6th. Arete started coverage on Coupang in a research report on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Coupang in a research report on Wednesday, October 8th. Finally, Arete Research started coverage on Coupang in a research report on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and an average target price of $33.50.

Coupang Price Performance

CPNG stock opened at $31.26 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84. The business has a 50 day simple moving average of $30.49 and a 200-day simple moving average of $28.00. The firm has a market capitalization of $56.98 billion, a PE ratio of 156.28 and a beta of 1.18. Coupang, Inc. has a 1 year low of $19.02 and a 1 year high of $34.08.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The business had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.34 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. Equities research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

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.