RFG Advisory LLC Acquires 4,939 Shares of Coupang, Inc. $CPNG

RFG Advisory LLC increased its stake in shares of Coupang, Inc. (NYSE:CPNG) by 16.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,465 shares of the company’s stock after buying an additional 4,939 shares during the quarter. RFG Advisory LLC’s holdings in Coupang were worth $1,033,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its position in Coupang by 0.5% during the second quarter. Sequoia Financial Advisors LLC now owns 68,468 shares of the company’s stock worth $2,051,000 after buying an additional 363 shares in the last quarter. CWM LLC grew its position in Coupang by 17.0% during the second quarter. CWM LLC now owns 169,346 shares of the company’s stock worth $5,074,000 after buying an additional 24,638 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Coupang by 34.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 82,154 shares of the company’s stock worth $2,461,000 after buying an additional 21,227 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Coupang during the second quarter worth approximately $272,000. Finally, Aberdeen Group plc grew its position in Coupang by 11.3% during the second quarter. Aberdeen Group plc now owns 602,922 shares of the company’s stock worth $18,064,000 after buying an additional 61,150 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPNG. Morgan Stanley raised their target price on Coupang from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coupang in a report on Wednesday, October 8th. Arete began coverage on Coupang in a report on Thursday, September 18th. They issued a “buy” rating and a $40.00 target price on the stock. Nomura Securities raised Coupang to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Nomura raised Coupang from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

Coupang Trading Down 0.1%

NYSE CPNG opened at $31.52 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.18. Coupang, Inc. has a twelve month low of $19.02 and a twelve month high of $34.08. The company has a market cap of $57.46 billion, a price-to-earnings ratio of 157.61 and a beta of 1.18. The business’s fifty day moving average is $30.72 and its 200 day moving average is $28.18.

Coupang (NYSE:CPNG) last released its quarterly earnings data 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 firm had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.34 billion. During the same period last year, the business earned $0.07 EPS. The company’s revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling at Coupang

In related news, CFO Gaurav Anand sold 75,350 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the completion of the transaction, the chief financial officer directly owned 2,016,940 shares of the company’s stock, valued at $56,050,762.60. This trade represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Sun sold 815,797 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $31.88, for a total value of $26,007,608.36. Following the transaction, the director directly owned 503,624 shares of the company’s stock, valued at approximately $16,055,533.12. This represents a 61.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 988,983 shares of company stock worth $31,203,966 over the last 90 days. Company 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.