Coupang, Inc. $CPNG Shares Sold by Equitable Trust Co.

Equitable Trust Co. decreased its position in Coupang, Inc. (NYSE:CPNG) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,136 shares of the company’s stock after selling 1,814 shares during the quarter. Equitable Trust Co.’s holdings in Coupang were worth $3,599,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. RFG Advisory LLC boosted its stake in shares of Coupang by 16.7% during the 2nd quarter. RFG Advisory LLC now owns 34,465 shares of the company’s stock valued at $1,033,000 after buying an additional 4,939 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Coupang by 0.5% in the second quarter. Sequoia Financial Advisors LLC now owns 68,468 shares of the company’s stock worth $2,051,000 after buying an additional 363 shares during the period. CWM LLC increased its position in Coupang by 17.0% in the second quarter. CWM LLC now owns 169,346 shares of the company’s stock worth $5,074,000 after buying an additional 24,638 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Coupang by 34.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 82,154 shares of the company’s stock worth $2,461,000 after buying an additional 21,227 shares during the period. Finally, Apollon Wealth Management LLC acquired a new stake in Coupang in the second quarter worth $272,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $29.14, for a total value of $339,568.42. Following the transaction, the vice president owned 158,676 shares of the company’s stock, valued at approximately $4,623,818.64. This trade represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Harold Rogers sold 64,755 shares of Coupang stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $32.06, for a total value of $2,076,045.30. Following the transaction, the insider directly owned 449,569 shares in the company, valued at approximately $14,413,182.14. This trade represents a 12.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 988,983 shares of company stock worth $31,203,966 in the last three months. Insiders own 12.78% of the company’s stock.

Coupang Price Performance

NYSE:CPNG opened at $31.76 on Tuesday. The business’s 50-day moving average price is $30.54 and its 200 day moving average price is $28.06. The firm has a market cap of $57.89 billion, a P/E ratio of 158.78 and a beta of 1.18. Coupang, Inc. has a 52-week low of $19.02 and a 52-week high of $34.08. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CPNG shares. Zacks Research lowered Coupang from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Nomura Securities raised Coupang to a “strong-buy” rating in a research report on Wednesday, August 6th. Wall Street Zen cut shares of Coupang from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Nomura upgraded shares of Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Coupang in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

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.