Lecap Asset Management Ltd. Takes Position in Coupang, Inc. $CPNG

Lecap Asset Management Ltd. bought a new stake in shares of Coupang, Inc. (NYSE:CPNG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,561 shares of the company’s stock, valued at approximately $406,000.

A number of other institutional investors have also recently modified their holdings of CPNG. Wealth Enhancement Advisory Services LLC grew its position in shares of Coupang by 12.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,531 shares of the company’s stock valued at $209,000 after acquiring an additional 1,080 shares during the period. California State Teachers Retirement System grew its position in shares of Coupang by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 85,489 shares of the company’s stock valued at $1,879,000 after acquiring an additional 445 shares during the period. GAMMA Investing LLC grew its position in shares of Coupang by 2,448.7% during the 1st quarter. GAMMA Investing LLC now owns 55,154 shares of the company’s stock valued at $1,210,000 after acquiring an additional 52,990 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Coupang during the 1st quarter valued at about $264,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Coupang by 16.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 77,735 shares of the company’s stock valued at $1,705,000 after acquiring an additional 10,884 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on CPNG. Nomura upgraded Coupang from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Coupang in a report on Saturday, September 27th. Wall Street Zen cut Coupang from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Arete started coverage on Coupang in a report on Thursday, September 18th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Arete Research started coverage on Coupang in a report on Thursday, September 18th. They issued a “buy” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.11.

Coupang Trading Down 0.6%

CPNG opened at $32.36 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84. The company’s 50 day simple moving average is $30.23 and its two-hundred day simple moving average is $27.64. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $34.08. The firm has a market capitalization of $59.00 billion, a price-to-earnings ratio of 161.82 and a beta of 1.18.

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

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 11,653 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $29.14, for a total value of $339,568.42. Following the transaction, the vice president directly owned 158,676 shares of the company’s stock, valued at $4,623,818.64. This trade represents a 6.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gaurav Anand sold 75,350 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the completion of the transaction, the chief financial officer directly owned 2,016,940 shares in the company, valued at $56,050,762.60. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 988,983 shares of company stock worth $31,203,966. 12.78% 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.