Coupang, Inc. (NYSE:CPNG) Shares Sold by Ellevest Inc.

Ellevest Inc. trimmed its position in Coupang, Inc. (NYSE:CPNG) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,830 shares of the company’s stock after selling 2,494 shares during the period. Ellevest Inc.’s holdings in Coupang were worth $590,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC grew its position in shares of Coupang by 21.0% in the fourth quarter. Harbour Capital Advisors LLC now owns 28,650 shares of the company’s stock valued at $642,000 after purchasing an additional 4,975 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in Coupang by 2.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 33,683 shares of the company’s stock valued at $740,000 after buying an additional 896 shares in the last quarter. Ignite Planners LLC increased its stake in shares of Coupang by 2.5% in the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock worth $452,000 after acquiring an additional 483 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Coupang during the 4th quarter worth $1,651,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Coupang by 85.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock worth $24,182,000 after acquiring an additional 506,622 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Stock Up 1.4 %

CPNG opened at $26.00 on Friday. The stock has a market capitalization of $46.94 billion, a P/E ratio of 45.61, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang, Inc. has a one year low of $18.16 and a one year high of $27.03. The business’s 50-day simple moving average is $22.62 and its 200-day simple moving average is $23.43.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Activity

In other news, VP Pranam Kolari sold 9,347 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $23.85, for a total value of $222,925.95. Following the completion of the sale, the vice president now owns 177,106 shares in the company, valued at approximately $4,223,978.10. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the transaction, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho raised shares of Coupang to a “hold” rating in a research note on Friday, April 18th. Barclays lifted their price target on shares of Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

About Coupang

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.