Motley Fool Asset Management LLC Has $794,000 Stake in Coupang, Inc. (NYSE:CPNG)

Motley Fool Asset Management LLC boosted its holdings in Coupang, Inc. (NYSE:CPNG) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,052 shares of the company’s stock after purchasing an additional 3,230 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Coupang were worth $794,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CPNG. Headinvest LLC bought a new position in Coupang in the 3rd quarter valued at about $29,000. NBC Securities Inc. bought a new stake in shares of Coupang during the 3rd quarter valued at approximately $51,000. Deuterium Capital Management LLC bought a new stake in shares of Coupang during the 3rd quarter valued at approximately $170,000. Orion Portfolio Solutions LLC bought a new stake in shares of Coupang during the 3rd quarter valued at approximately $172,000. Finally, Resonant Capital Advisors LLC bought a new stake in shares of Coupang during the 3rd quarter valued at approximately $173,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In related news, insider Harold Rogers sold 139,080 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the transaction, the insider now directly owns 394,192 shares in the company, valued at $7,194,004. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Harold Rogers sold 139,080 shares of Coupang stock in a transaction on Monday, March 18th. The stock was sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the sale, the insider now directly owns 394,192 shares in the company, valued at approximately $7,194,004. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total value of $600,985,067.54. Following the sale, the insider now owns 364,542,259 shares in the company, valued at $6,929,948,343.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,355,590 shares of company stock worth $633,443,979. 14.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CPNG has been the topic of a number of research reports. TheStreet raised shares of Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Citigroup upgraded shares of Coupang from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $19.00 to $26.00 in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and boosted their target price for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Finally, Barclays boosted their target price on shares of Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.42.

Coupang Stock Down 0.5 %

CPNG stock traded down $0.12 during midday trading on Friday, reaching $22.91. 10,399,800 shares of the company’s stock traded hands, compared to its average volume of 13,256,170. The company has a market cap of $41.08 billion, a price-to-earnings ratio of 30.55 and a beta of 1.32. The firm’s fifty day moving average price is $18.98 and its 200-day moving average price is $17.00. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $23.40.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.40 billion. Coupang had a net margin of 5.57% and a return on equity of 15.04%. Coupang’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. As a group, sell-side analysts forecast that Coupang, Inc. will post 0.32 earnings per share for the current fiscal year.

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.