Clark Estates Inc. NY Invests $228,000 in Coupang, Inc. (NYSE:CPNG)

Clark Estates Inc. NY acquired a new position in shares of Coupang, Inc. (NYSE:CPNG) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,287 shares of the company’s stock, valued at approximately $228,000.

Several other large investors have also made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Coupang during the 3rd quarter worth $28,000. Asset Dedication LLC boosted its holdings in Coupang by 438.1% in the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after acquiring an additional 990 shares during the period. Van ECK Associates Corp grew its position in Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after acquiring an additional 484 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Coupang by 308.2% during the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after purchasing an additional 1,470 shares during the period. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after purchasing an additional 1,295 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CPNG shares. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and upped their price objective for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.56.

Coupang Price Performance

Shares of NYSE CPNG opened at $25.21 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The firm has a market capitalization of $45.34 billion, a PE ratio of 44.22, a P/E/G ratio of 225.02 and a beta of 1.10. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $26.91. The business’s fifty day moving average price is $25.03 and its two-hundred day moving average price is $22.99.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. On average, research analysts expect that Coupang, Inc. will post 0.11 EPS for the current year.

Insider Activity at Coupang

In other news, Director Greenoaks Capital Partners Llc bought 750,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased 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 directly owns 52,038,723 shares in the company, valued at approximately $1,249,449,739.23. This trade represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction 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 transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by insiders.

Coupang 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.