Mount Yale Investment Advisors LLC Has $2 Million Position in Coupang, Inc. (NYSE:CPNG)

Mount Yale Investment Advisors LLC boosted its position in Coupang, Inc. (NYSE:CPNG) by 11.7% in the third quarter, Holdings Channel.com reports. The firm owned 81,323 shares of the company’s stock after purchasing an additional 8,542 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Coupang were worth $1,996,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft grew its holdings in Coupang by 5.7% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,567 shares of the company’s stock worth $219,000 after acquiring an additional 567 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of Coupang by 6.0% in the 2nd quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company’s stock worth $235,000 after buying an additional 635 shares during the last quarter. National Bank of Canada FI grew its holdings in Coupang by 15.4% during the second quarter. National Bank of Canada FI now owns 6,687 shares of the company’s stock valued at $141,000 after purchasing an additional 890 shares during the period. Asset Dedication LLC grew its stake in Coupang by 438.1% in the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after buying an additional 990 shares in the last quarter. Finally, TCW Group Inc. increased its position in shares of Coupang by 6.4% during the second quarter. TCW Group Inc. now owns 16,781 shares of the company’s stock valued at $352,000 after buying an additional 1,007 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Price Performance

Shares of Coupang stock opened at $25.61 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $45.78 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 282.07 and a beta of 1.11. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $26.28. The stock’s 50-day simple moving average is $24.04 and its 200-day simple moving average is $22.47.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The company had revenue of $7.32 billion during the quarter, compared to analyst estimates of $7.39 billion. During the same period in the previous year, the firm earned $0.08 earnings per share. Coupang’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, analysts expect that Coupang, Inc. will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of Coupang stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the completion of the transaction, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Pranam Kolari sold 10,432 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $19.90, for a total value of $207,596.80. Following the transaction, the insider now directly owns 170,356 shares of the company’s stock, valued at approximately $3,390,084.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greenoaks Capital Partners Llc bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the acquisition, the director now directly owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 601,300 shares of company stock worth $13,604,354 and sold 411,388 shares worth $9,452,761. 13.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CPNG. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, October 7th. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and lifted their price target for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.56.

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.