Tempus Wealth Planning LLC Buys New Shares in Coupang, Inc. (NYSE:CPNG)

Tempus Wealth Planning LLC bought a new stake in Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,562 shares of the company’s stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CPNG. Brooklyn Investment Group bought a new position in Coupang during the third quarter worth about $28,000. Asset Dedication LLC grew its holdings in Coupang by 438.1% during the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after purchasing an additional 990 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after acquiring an additional 484 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Coupang during the fourth quarter worth approximately $31,000. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of Coupang by 330.4% during the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after acquiring an additional 1,295 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Trading Up 0.5 %

Shares of CPNG stock opened at $23.69 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 has a market cap of $42.62 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 42.58 and a beta of 1.11. The stock has a 50 day simple moving average of $23.04 and a 200 day simple moving average of $23.46. Coupang, Inc. has a 1 year low of $13.66 and a 1 year high of $26.91.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. On average, research analysts predict that Coupang, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Activity at Coupang

In other news, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the completion of the transaction, the director now directly owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. This trade represents a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the transaction, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,009,234 shares of company stock worth $344,761,515. Company insiders own 13.60% of the company’s stock.

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.