22,558 Shares in Coupang, Inc. $CPNG Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of Coupang, Inc. (NYSE:CPNG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,558 shares of the company’s stock, valued at approximately $676,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Dodge & Cox grew its stake in shares of Coupang by 101.6% in the first quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock worth $894,413,000 after acquiring an additional 20,555,600 shares during the period. GQG Partners LLC purchased a new stake in Coupang in the first quarter worth approximately $168,127,000. Nuveen LLC bought a new stake in Coupang in the 1st quarter worth approximately $75,775,000. AustralianSuper Pty Ltd purchased a new stake in Coupang during the 2nd quarter valued at $51,313,000. Finally, Altimeter Capital Management LP raised its stake in Coupang by 24.3% during the 1st quarter. Altimeter Capital Management LP now owns 7,441,445 shares of the company’s stock valued at $163,191,000 after buying an additional 1,455,555 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CPNG shares. Arete Research initiated coverage on Coupang in a research note on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Coupang in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research note 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. Finally, Nomura Securities raised shares of Coupang to a “strong-buy” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Coupang currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Coupang Stock Performance

CPNG opened at $28.53 on Friday. The company has a 50 day simple moving average of $31.63 and a two-hundred day simple moving average of $29.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.06 and a quick ratio of 0.82. The firm has a market cap of $52.01 billion, a P/E ratio of 135.86 and a beta of 1.17. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $34.08.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.13 billion. Coupang had a net margin of 1.16% and a return on equity of 6.95%. Coupang’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. Equities analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Pranam Kolari sold 11,653 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $31.98, for a total value of $372,662.94. Following the completion of the transaction, the vice president owned 147,023 shares of the company’s stock, valued at $4,701,795.54. This represents a 7.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Pedro Franceschi sold 21,428 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $32.05, for a total value of $686,767.40. The SEC filing for this sale provides additional information. Insiders have sold 913,633 shares of company stock valued at $29,143,084 over the last three months. Insiders own 12.78% of the company’s stock.

About Coupang

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.