Tempus Wealth Planning LLC Invests $320,000 in Coupang, Inc. (NYSE:CPNG)

Tempus Wealth Planning LLC purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,562 shares of the company’s stock, valued at approximately $320,000.

Several other institutional investors also recently modified their holdings of CPNG. FMR LLC grew its stake in shares of Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after purchasing an additional 6,584,910 shares during the last quarter. State Street Corp grew its stake in shares of Coupang by 1.9% in the third quarter. State Street Corp now owns 14,125,599 shares of the company’s stock worth $346,783,000 after purchasing an additional 259,400 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Coupang by 43.2% in the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after purchasing an additional 2,603,046 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Coupang by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock worth $144,483,000 after purchasing an additional 29,164 shares during the last quarter. Finally, Coronation Fund Managers Ltd. grew its stake in shares of Coupang by 139.1% in the third quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after purchasing an additional 2,802,325 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the transaction, the director now owns 52,726,423 shares in the company, valued at $1,269,652,265.84. The trade was a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the transaction, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,009,234 shares of company stock valued at $344,761,515 in the last 90 days. 13.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Citigroup cut their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Price Performance

CPNG stock opened at $23.69 on Wednesday. The stock has a market capitalization of $42.62 billion, a PE ratio of 41.57, a price-to-earnings-growth ratio of 42.58 and a beta of 1.11. The company’s 50-day moving average is $23.04 and its 200-day moving average is $23.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a 1 year low of $13.66 and a 1 year high of $26.91.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The company 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 business’s revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. Equities research analysts expect that Coupang, Inc. will post 0.14 EPS 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.