Coupang, Inc. (NYSE:CPNG) Shares Sold by Catalyst Private Wealth LLC

Catalyst Private Wealth LLC lessened its stake in Coupang, Inc. (NYSE:CPNG) by 23.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,957 shares of the company’s stock after selling 6,519 shares during the quarter. Catalyst Private Wealth LLC’s holdings in Coupang were worth $461,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CPNG. Brooklyn Investment Group purchased a new stake in Coupang during the 3rd quarter valued at about $28,000. Asset Dedication LLC grew its position in shares of Coupang by 438.1% in the third 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 grew its position in shares of 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 purchasing an additional 484 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings 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 last quarter. Finally, Signaturefd LLC lifted 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 buying an additional 1,931 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Activity at Coupang

In other Coupang news, CEO Bom Kim sold 15,000,000 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 750,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $24.01 per share, for a total transaction of $18,007,500.00. Following the transaction, the director now directly owns 52,038,723 shares of the company’s stock, valued at approximately $1,249,449,739.23. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. 13.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Coupang Trading Up 1.9 %

NYSE:CPNG traded up $0.41 during trading hours on Monday, reaching $21.75. 5,660,657 shares of the stock were exchanged, compared to its average volume of 6,799,079. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $23.77 and a two-hundred day moving average of $23.27. The company has a market capitalization of $39.13 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 215.03 and a beta of 1.10.

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