Sequoia Financial Advisors LLC Grows Stake in Coupang, Inc. $CPNG

Sequoia Financial Advisors LLC increased its stake in Coupang, Inc. (NYSE:CPNG) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,468 shares of the company’s stock after acquiring an additional 363 shares during the period. Sequoia Financial Advisors LLC’s holdings in Coupang were worth $2,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dodge & Cox grew its position in Coupang by 101.6% in the first quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock worth $894,413,000 after acquiring an additional 20,555,600 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Coupang by 436.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company’s stock worth $190,497,000 after acquiring an additional 7,067,830 shares in the last quarter. GQG Partners LLC purchased a new position in Coupang in the first quarter worth about $168,127,000. Coronation Fund Managers Ltd. grew its position in Coupang by 2.4% in the first quarter. Coronation Fund Managers Ltd. now owns 7,559,777 shares of the company’s stock worth $165,786,000 after acquiring an additional 176,166 shares in the last quarter. Finally, Altimeter Capital Management LP grew its position in Coupang by 24.3% in the first quarter. Altimeter Capital Management LP now owns 7,441,445 shares of the company’s stock worth $163,191,000 after acquiring an additional 1,455,555 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

Coupang stock opened at $31.56 on Thursday. The company has a 50 day moving average price of $30.64 and a 200-day moving average price of $28.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. Coupang, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $34.08. The company has a market capitalization of $57.53 billion, a PE ratio of 157.79 and a beta of 1.18.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a net margin of 1.13% and a return on equity of 7.47%. The company had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same period in the prior year, the firm posted $0.07 EPS. The business’s revenue was up 16.4% on a year-over-year basis. As a group, equities analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Arete Research began coverage on Coupang in a research report on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Coupang in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lowered Coupang from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research report on Wednesday, August 6th. Nomura upgraded Coupang from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, August 6th. Finally, Zacks Research lowered Coupang from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and an average price target of $33.50.

Insider Activity

In other news, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $29.14, for a total transaction of $339,568.42. Following the completion of the sale, the vice president owned 158,676 shares of the company’s stock, valued at approximately $4,623,818.64. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin Sun sold 815,797 shares of Coupang stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $31.88, for a total transaction of $26,007,608.36. Following the sale, the director directly owned 503,624 shares of the company’s stock, valued at $16,055,533.12. This represents a 61.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 988,983 shares of company stock valued at $31,203,966. Insiders own 12.78% of the company’s stock.

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.