Fiducient Advisors LLC Invests $861,000 in Coupang, Inc. (NYSE:CPNG)

Fiducient Advisors LLC acquired a new stake in Coupang, Inc. (NYSE:CPNG) in the second quarter, Holdings Channel reports. The firm acquired 41,103 shares of the company’s stock, valued at approximately $861,000.

Several other large investors have also recently added to or reduced their stakes in CPNG. Ceera Investments LLC grew its stake in Coupang by 4.2% during the 2nd quarter. Ceera Investments LLC now owns 168,153 shares of the company’s stock worth $3,523,000 after purchasing an additional 6,787 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Coupang by 6,838.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,036,742 shares of the company’s stock valued at $21,720,000 after buying an additional 1,021,800 shares during the period. Advisor OS LLC acquired a new position in shares of Coupang during the second quarter worth about $283,000. Private Advisor Group LLC increased its stake in shares of Coupang by 14.9% during the second quarter. Private Advisor Group LLC now owns 55,262 shares of the company’s stock worth $1,158,000 after buying an additional 7,174 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Coupang by 35.9% in the second quarter. Victory Capital Management Inc. now owns 111,543 shares of the company’s stock valued at $2,337,000 after acquiring an additional 29,460 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coupang

In other Coupang news, Director Benjamin Sun sold 700,000 shares of Coupang stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the transaction, the director now owns 2,169,421 shares of the company’s stock, valued at $44,755,155.23. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Pranam Kolari sold 10,432 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were 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 directly owns 170,356 shares of the company’s stock, valued at $3,390,084.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin Sun sold 700,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $20.63, for a total value of $14,441,000.00. Following the transaction, the director now directly owns 2,169,421 shares in the company, valued at approximately $44,755,155.23. The disclosure for this sale can be found here. In the last three months, insiders bought 601,300 shares of company stock valued at $13,604,354 and sold 1,110,432 shares valued at $23,870,597. Insiders own 13.60% of the company’s stock.

Coupang Trading Down 5.7 %

NYSE CPNG opened at $22.00 on Friday. The firm’s fifty day moving average price is $21.59 and its 200 day moving average price is $20.93. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $23.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. The company has a market capitalization of $39.34 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 877.23 and a beta of 1.10.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.08. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Coupang’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, sell-side analysts expect that Coupang, Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CPNG. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and boosted their price target for the stock from $18.00 to $31.00 in a report on Wednesday. Morgan Stanley lifted their price objective on shares of Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Finally, UBS Group raised Coupang from a “neutral” rating to a “buy” rating and increased their target price for the company from $18.50 to $26.00 in a report on Thursday, May 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Coupang has an average rating of “Moderate Buy” and an average target price of $27.25.

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.