Captrust Financial Advisors Sells 6,956 Shares of Coupang, Inc. (NYSE:CPNG)

Captrust Financial Advisors reduced its position in Coupang, Inc. (NYSE:CPNG) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,232 shares of the company’s stock after selling 6,956 shares during the period. Captrust Financial Advisors’ holdings in Coupang were worth $1,522,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Bain Capital Public Equity Management II LLC lifted its holdings in shares of Coupang by 21.3% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 1,052,331 shares of the company’s stock worth $23,130,000 after purchasing an additional 185,024 shares in the last quarter. Bain Capital Public Equity LP lifted its holdings in shares of Coupang by 25.8% in the 4th quarter. Bain Capital Public Equity LP now owns 126,951 shares of the company’s stock worth $2,790,000 after purchasing an additional 26,050 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Coupang in the 4th quarter worth $6,028,000. Bienville Capital Management LLC lifted its holdings in shares of Coupang by 35.7% in the 4th quarter. Bienville Capital Management LLC now owns 1,072,551 shares of the company’s stock worth $23,575,000 after purchasing an additional 281,914 shares in the last quarter. Finally, Metavasi Capital LP lifted its holdings in shares of Coupang by 18.3% in the 4th quarter. Metavasi Capital LP now owns 483,912 shares of the company’s stock worth $10,636,000 after purchasing an additional 75,000 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Price Performance

Shares of NYSE:CPNG opened at $26.58 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $22.73 and its two-hundred day simple moving average is $23.43. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $27.03. The stock has a market cap of $47.99 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. The business’s revenue was up 11.2% on a year-over-year basis. As a group, analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CPNG has been the topic of a number of recent research reports. Mizuho upgraded Coupang to a “hold” rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective on the stock in a research note on Wednesday, February 26th. Finally, Barclays raised their price objective on Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

Insider Activity

In related news, VP Pranam Kolari sold 9,347 shares of Coupang stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the sale, the vice president now owns 177,106 shares of the company’s stock, valued at approximately $4,223,978.10. This trade represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the sale, the director now directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This trade represents a 12.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,259,347 shares of company stock valued at $778,580,426 in the last ninety days. 13.60% of the stock is currently owned by insiders.

Coupang Company 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.