RMR Capital Management LLC Increases Stake in Coupang, Inc. (NYSE:CPNG)

RMR Capital Management LLC lifted its stake in Coupang, Inc. (NYSE:CPNG) by 33.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,592 shares of the company’s stock after buying an additional 5,435 shares during the quarter. RMR Capital Management LLC’s holdings in Coupang were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CPNG. Van ECK Associates Corp raised its stake in Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after acquiring an additional 484 shares during the period. Baader Bank Aktiengesellschaft raised its position in shares of Coupang by 5.7% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,567 shares of the company’s stock valued at $219,000 after purchasing an additional 567 shares during the period. Covestor Ltd lifted its stake in shares of Coupang by 10.4% during the 3rd quarter. Covestor Ltd now owns 6,479 shares of the company’s stock valued at $159,000 after buying an additional 612 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in 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 period. Finally, National Bank of Canada FI increased its stake in Coupang by 15.4% in the 2nd quarter. National Bank of Canada FI now owns 6,687 shares of the company’s stock worth $141,000 after buying an additional 890 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Trading Up 0.9 %

NYSE CPNG traded up $0.21 on Tuesday, hitting $24.31. 2,559,063 shares of the stock were exchanged, compared to its average volume of 9,743,277. The firm has a market capitalization of $43.60 billion, a P/E ratio of 42.29 and a beta of 1.10. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $26.91. The stock has a fifty day moving average price of $24.72 and a two-hundred day moving average price of $22.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.13.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was up 27.2% on a year-over-year basis. Research analysts forecast that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Insider Transactions at Coupang

In related news, Director Greenoaks Capital Partners Llc bought 100,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were acquired at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the purchase, the director now directly owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Benjamin Sun sold 200,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total value of $4,672,000.00. Following the completion of the sale, the director now directly owns 1,969,421 shares of the company’s stock, valued at $46,005,674.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greenoaks Capital Partners Llc bought 100,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were acquired at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the completion of the acquisition, the director now owns 50,476,224 shares in the company, valued at $1,158,429,340.80. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CPNG. CLSA raised Coupang from a “hold” rating to an “outperform” rating and upped their price objective for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Monday, October 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.56.

About Coupang

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.