Endowment Wealth Management Inc. Lowers Stock Position in Coupang, Inc. (NYSE:CPNG)

Endowment Wealth Management Inc. lessened its position in shares of Coupang, Inc. (NYSE:CPNG) by 32.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 23,170 shares of the company’s stock after selling 11,216 shares during the period. Endowment Wealth Management Inc.’s holdings in Coupang were worth $569,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC boosted its stake in Coupang by 438.1% during the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after buying an additional 990 shares in the last quarter. Van ECK Associates Corp increased its position in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares during the period. GAMMA Investing LLC grew its holdings in shares of Coupang by 308.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,470 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in Coupang by 330.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after buying an additional 1,295 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Coupang by 438.9% in 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. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Coupang

In related news, Director Greenoaks Capital Partners Llc bought 687,700 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the transaction, the director now directly owns 52,726,423 shares of the company’s stock, valued at $1,269,652,265.84. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Coupang news, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $22.97, for a total transaction 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of $24.08 per share, for a total transaction of $16,559,816.00. Following the acquisition, the director now directly owns 52,726,423 shares in the company, valued at $1,269,652,265.84. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,537,700 shares of company stock valued at $36,862,316 and have sold 15,200,956 shares valued at $349,245,164. Company insiders own 13.60% of the company’s stock.

Coupang Price Performance

Shares of NYSE CPNG opened at $25.91 on Thursday. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $26.91. The stock has a market cap of $46.47 billion, a price-to-earnings ratio of 45.45, a PEG ratio of 220.61 and a beta of 1.10. The company’s 50-day moving average price is $24.81 and its 200 day moving average price is $22.87. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

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

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.