180 Wealth Advisors LLC Increases Position in Coupang, Inc. (NYSE:CPNG)

180 Wealth Advisors LLC increased its stake in shares of Coupang, Inc. (NYSE:CPNG) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,683 shares of the company’s stock after buying an additional 896 shares during the period. 180 Wealth Advisors LLC’s holdings in Coupang were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPNG. Brooklyn Investment Group acquired a new stake in shares of Coupang during the 3rd quarter valued at approximately $28,000. Asset Dedication LLC increased its stake in Coupang by 438.1% in the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after purchasing an additional 990 shares in the last quarter. Van ECK Associates Corp increased its stake in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after purchasing an additional 484 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in 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 purchasing an additional 1,295 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Coupang by 438.9% during the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after purchasing an additional 1,931 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coupang

In related news, CEO Bom Kim sold 15,000,000 shares of the firm’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 value of $344,550,000.00. Following the sale, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greenoaks Capital Partners Llc bought 750,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $24.01 per share, with a total value of $18,007,500.00. Following the completion of the acquisition, the director now owns 52,038,723 shares of the company’s stock, valued at $1,249,449,739.23. This trade represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 13.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CPNG. Citigroup dropped their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Monday, October 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Coupang currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Trading Up 0.6 %

Shares of CPNG stock opened at $21.94 on Wednesday. The company has a market capitalization of $39.47 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 215.03 and a beta of 1.10. 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 firm has a 50-day moving average price of $23.59 and a 200 day moving average price of $23.29. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. Research analysts forecast that Coupang, Inc. will post 0.11 earnings per share for the current fiscal 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.