Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $11.70 Million Holdings in Coupang, Inc. $CPNG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,597 shares of the company’s stock after acquiring an additional 18,664 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Coupang were worth $11,702,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dodge & Cox raised its position in shares of Coupang by 101.6% during 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 during the last quarter. GQG Partners LLC acquired a new stake in Coupang in the first quarter worth about $168,127,000. Nuveen LLC bought a new stake in Coupang during the 1st quarter worth about $75,775,000. Massachusetts Financial Services Co. MA lifted its position in Coupang by 25.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,897,027 shares of the company’s stock valued at $326,475,000 after purchasing an additional 2,210,447 shares during the period. Finally, AustralianSuper Pty Ltd bought a new position in shares of Coupang in the 2nd quarter valued at about $51,313,000. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Down 0.9%

Shares of Coupang stock opened at $28.28 on Monday. The company has a market capitalization of $51.65 billion, a P/E ratio of 134.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.06 and a quick ratio of 0.82. The business has a 50-day moving average of $31.62 and a two-hundred day moving average of $29.63. Coupang, Inc. has a 1 year low of $19.02 and a 1 year high of $34.08.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $9.27 billion during the quarter, compared to analyst estimates of $9.13 billion. Coupang had a return on equity of 6.95% and a net margin of 1.16%.Coupang’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. As a group, equities analysts predict that Coupang, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CPNG shares. Barclays boosted their price target on shares of Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Zacks Research upgraded shares of Coupang from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Morgan Stanley increased their price target on Coupang from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Mizuho lifted their price objective on Coupang from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Arete Research initiated coverage on Coupang in a research note on Thursday, September 18th. They issued a “buy” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Insider Transactions at Coupang

In other news, Director Pedro Franceschi sold 21,428 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $32.05, for a total transaction of $686,767.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin Sun sold 815,797 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $31.88, for a total value of $26,007,608.36. Following the completion of the transaction, the director owned 503,624 shares of the company’s stock, valued at $16,055,533.12. The trade was a 61.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 913,633 shares of company stock worth $29,143,084. 12.78% of the stock is currently owned by insiders.

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.