Coupang, Inc. (NYSE:CPNG) Stock Holdings Lifted by Cwm LLC

Cwm LLC raised its position in shares of Coupang, Inc. (NYSE:CPNG) by 6.6% in the fourth quarter, Holdings Channel reports. The firm owned 132,543 shares of the company’s stock after buying an additional 8,150 shares during the period. Cwm LLC’s holdings in Coupang were worth $2,146,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Headinvest LLC bought a new stake in Coupang in the third quarter worth $29,000. NBC Securities Inc. bought a new stake in shares of Coupang during the 3rd quarter worth about $51,000. Deuterium Capital Management LLC acquired a new stake in Coupang in the 3rd quarter worth approximately $170,000. Orion Portfolio Solutions LLC bought a new stake in Coupang during the third quarter worth approximately $172,000. Finally, Resonant Capital Advisors LLC acquired a new position in Coupang during the third quarter valued at approximately $173,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CPNG shares. Barclays upped their price objective on shares of Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and raised their price target for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. TheStreet upgraded Coupang from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Finally, Citigroup raised Coupang from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $19.00 to $26.00 in a research report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coupang presently has a consensus rating of “Moderate Buy” and an average target price of $22.42.

Insider Activity

In related news, insider Pranam Kolari sold 2,356 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $13.88, for a total value of $32,701.28. Following the sale, the insider now owns 182,844 shares of the company’s stock, valued at $2,537,874.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Pranam Kolari sold 2,356 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $13.88, for a total value of $32,701.28. Following the sale, the insider now owns 182,844 shares of the company’s stock, valued at approximately $2,537,874.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Harold Rogers sold 139,080 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the sale, the insider now owns 394,192 shares in the company, valued at $7,194,004. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,355,590 shares of company stock worth $633,443,979. Corporate insiders own 14.90% of the company’s stock.

Coupang Trading Up 1.0 %

Shares of CPNG opened at $23.03 on Friday. The stock’s 50-day moving average price is $18.84 and its 200 day moving average price is $16.96. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $23.07. The firm has a market capitalization of $41.30 billion, a price-to-earnings ratio of 30.71 and a beta of 1.32.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. Coupang’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share. As a group, research analysts predict that Coupang, Inc. will post 0.32 earnings per share for the current year.

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.