Sepio Capital LP Buys 1,472,153 Shares of Coupang, Inc. $CPNG

Sepio Capital LP boosted its stake in Coupang, Inc. (NYSE:CPNG) by 1,284.5% in the third quarter, Holdings Channel.com reports. The fund owned 1,586,760 shares of the company’s stock after buying an additional 1,472,153 shares during the quarter. Coupang comprises about 0.9% of Sepio Capital LP’s portfolio, making the stock its 22nd largest holding. Sepio Capital LP’s holdings in Coupang were worth $22,008,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. NewEdge Wealth LLC grew its holdings in shares of Coupang by 5.2% during the first quarter. NewEdge Wealth LLC now owns 16,917 shares of the company’s stock worth $319,000 after purchasing an additional 840 shares during the last quarter. Root Financial Partners LLC increased its position in shares of Coupang by 68.5% during the first quarter. Root Financial Partners LLC now owns 2,265 shares of the company’s stock worth $43,000 after purchasing an additional 921 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Coupang by 10.5% in the 1st quarter. Resonant Capital Advisors LLC now owns 13,449 shares of the company’s stock valued at $254,000 after purchasing an additional 1,280 shares during the last quarter. Adalta Capital Management LLC lifted its holdings in shares of Coupang by 1.5% in the 1st quarter. Adalta Capital Management LLC now owns 87,801 shares of the company’s stock valued at $1,658,000 after purchasing an additional 1,335 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Coupang by 54.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,086 shares of the company’s stock valued at $57,000 after purchasing an additional 1,435 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Price Performance

Coupang stock opened at $13.99 on Friday. Coupang, Inc. has a 12 month low of $13.35 and a 12 month high of $32.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.87 and a quick ratio of 0.68. The business has a 50 day simple moving average of $15.01 and a 200-day simple moving average of $16.67. The stock has a market capitalization of $25.15 billion, a PE ratio of -32.54 and a beta of 1.17.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.18. The firm had revenue of $8.86 billion for the quarter, compared to analyst estimates of $8.92 billion. Coupang had a negative net margin of 2.16% and a negative return on equity of 8.77%. Coupang’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS. Equities analysts predict that Coupang, Inc. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

CPNG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and decreased their target price for the company from $23.00 to $21.50 in a research report on Wednesday, August 5th. Barclays reaffirmed an “overweight” rating and set a $29.00 price target on shares of Coupang in a research report on Tuesday, July 7th. The Goldman Sachs Group set a $31.00 price objective on Coupang in a research note on Thursday, July 9th. Bank of America decreased their price objective on Coupang from $27.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Finally, Mizuho set a $22.00 target price on shares of Coupang in a research report on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.06.

Insiders Place Their Bets

In other news, CAO Jonathan D. Lee sold 5,519 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $13.65, for a total value of $75,334.35. Following the completion of the sale, the chief accounting officer owned 176,396 shares in the company, valued at approximately $2,407,805.40. This trade represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Harold Rogers sold 192,110 shares of Coupang stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the completion of the sale, the insider directly owned 740,931 shares in the company, valued at approximately $11,988,263.58. The trade was a 20.59% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 203,148 shares of company stock valued at $3,272,530. 12.83% of the stock is owned by insiders.

About Coupang

Coupang, Inc is an e-commerce and technology company that operates a large digital retail platform. The company offers a broad selection of merchandise, including electronics, household goods, apparel, beauty products and groceries. Its services include Rocket Delivery, a fast-delivery program; Rocket Fresh, which focuses on fresh food and groceries; and Wow, a membership program that provides delivery and other customer benefits.

Coupang also operates Coupang Eats, a restaurant-ordering and delivery service, as well as Coupang Play, a digital video streaming platform.