GFS Advisors LLC Sells 1,050 Shares of Coupang, Inc. $CPNG

GFS Advisors LLC decreased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 1.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,485 shares of the company’s stock after selling 1,050 shares during the period. GFS Advisors LLC’s holdings in Coupang were worth $2,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CPNG. SVB Wealth LLC bought a new position in shares of Coupang during the first quarter valued at approximately $28,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Coupang during the first quarter valued at approximately $30,000. Albion Financial Group UT bought a new position in shares of Coupang during the second quarter valued at approximately $30,000. Grove Bank & Trust bought a new position in shares of Coupang during the first quarter valued at approximately $33,000. Finally, Brooklyn Investment Group increased its position in shares of Coupang by 43.1% during the first quarter. Brooklyn Investment Group now owns 1,680 shares of the company’s stock valued at $37,000 after acquiring an additional 506 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CPNG shares. Arete Research started coverage on shares of Coupang in a research report on Thursday, September 18th. They set a “buy” rating and a $40.00 price target for the company. Nomura Securities raised shares of Coupang to a “strong-buy” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded shares of Coupang from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Morgan Stanley raised their price target on shares of Coupang from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Nomura raised shares of Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.50.

Insider Buying and Selling at Coupang

In other news, Director Pedro Franceschi sold 21,428 shares of Coupang stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $32.05, for a total transaction of $686,767.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Harold Rogers sold 64,755 shares of Coupang stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $32.06, for a total transaction of $2,076,045.30. Following the transaction, the insider owned 449,569 shares in the company, valued at $14,413,182.14. This represents a 12.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 988,983 shares of company stock worth $31,203,966. Insiders own 12.78% of the company’s stock.

Coupang Trading Down 3.7%

Shares of CPNG stock opened at $31.26 on Friday. Coupang, Inc. has a 12-month low of $19.02 and a 12-month high of $34.08. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $30.49 and its 200 day moving average is $27.97. The stock has a market capitalization of $56.98 billion, a P/E ratio of 156.28 and a beta of 1.18.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a return on equity of 7.47% and a net margin of 1.13%.The company had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.34 billion. During the same quarter in the prior year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. Research analysts expect that Coupang, Inc. will post 0.17 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.