11,200 Shares in Coupang, Inc. (NYSE:CPNG) Purchased by Leavell Investment Management Inc.

Leavell Investment Management Inc. bought a new stake in shares of Coupang, Inc. (NYSE:CPNG) in the third quarter, Holdings Channel reports. The fund bought 11,200 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ironsides Asset Advisors LLC increased its position in shares of Coupang by 36.4% during the third quarter. Ironsides Asset Advisors LLC now owns 20,156 shares of the company’s stock worth $495,000 after purchasing an additional 5,378 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Coupang during the 3rd quarter worth $205,000. United Advisor Group LLC raised its position in shares of Coupang by 27.4% in the third quarter. United Advisor Group LLC now owns 13,304 shares of the company’s stock valued at $327,000 after buying an additional 2,865 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares in the last quarter. Finally, Coronation Fund Managers Ltd. boosted its position in Coupang by 139.1% during the third quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after acquiring an additional 2,802,325 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Trading Down 3.7 %

CPNG opened at $24.17 on Monday. The stock has a market capitalization of $43.35 billion, a PE ratio of 42.40 and a beta of 1.10. Coupang, Inc. has a one year low of $13.51 and a one year high of $26.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 1.12. The business’s 50 day moving average price is $24.68 and its 200 day moving average price is $22.83.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a return on equity of 11.65% and a net margin of 3.57%. The company’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 EPS. As a group, equities research analysts expect that Coupang, Inc. will post -0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CPNG. 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 report on Wednesday, September 4th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Coupang has an average rating of “Moderate Buy” and a consensus price target of $27.56.

Insiders Place Their Bets

In related news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of Coupang stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $22.39 per share, with a total value of $2,239,000.00. Following the purchase, the director now owns 50,376,224 shares of the company’s stock, valued at approximately $1,127,923,655.36. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $22.39 per share, for a total transaction of $2,239,000.00. Following the completion of the transaction, the director now directly owns 50,376,224 shares in the company, valued at approximately $1,127,923,655.36. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gaurav Anand sold 200,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $22.75, for a total value of $4,550,000.00. Following the completion of the sale, the chief financial officer now owns 1,937,500 shares in the company, valued at $44,078,125. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 451,300 shares of company stock valued at $10,208,354 and sold 400,956 shares valued at $9,245,164. 13.60% of the stock is currently owned by insiders.

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.