Capital Wealth Planning LLC Boosts Stock Position in Coupang, Inc. (NYSE:CPNG)

Capital Wealth Planning LLC boosted its holdings in Coupang, Inc. (NYSE:CPNG) by 22.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,052 shares of the company’s stock after purchasing an additional 23,250 shares during the period. Capital Wealth Planning LLC’s holdings in Coupang were worth $2,641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in Coupang by 308.2% in the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,470 shares during the last quarter. Register Financial Advisors LLC purchased a new position in shares of Coupang during the 1st quarter valued at $50,000. Opal Wealth Advisors LLC purchased a new position in shares of Coupang during the 2nd quarter valued at $74,000. V Square Quantitative Management LLC purchased a new position in shares of Coupang during the 2nd quarter valued at $89,000. Finally, Acadian Asset Management LLC lifted its position in shares of Coupang by 438.7% during the 1st quarter. Acadian Asset Management LLC now owns 5,581 shares of the company’s stock valued at $99,000 after buying an additional 4,545 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CPNG shares. CLSA raised Coupang from a “hold” rating to an “outperform” rating and upped their price target for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. Morgan Stanley upped their target price on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.

Coupang Price Performance

CPNG opened at $23.95 on Monday. The stock’s 50 day simple moving average is $21.81 and its 200 day simple moving average is $21.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $24.35. The firm has a market cap of $42.82 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 171.76 and a beta of 1.10.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same period last year, the company earned $0.08 EPS. Coupang’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, analysts predict that Coupang, Inc. will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In other Coupang news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the acquisition, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Coupang news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the acquisition, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Pranam Kolari sold 10,432 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $19.90, for a total value of $207,596.80. Following the completion of the sale, the insider now owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 601,300 shares of company stock worth $13,604,354 and have sold 410,432 shares worth $9,429,597. 13.60% of the stock is owned by corporate 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.