Wolff Wiese Magana LLC Acquires 1,295 Shares of Coupang, Inc. (NYSE:CPNG)

Wolff Wiese Magana LLC boosted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 330.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,687 shares of the company’s stock after acquiring an additional 1,295 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Coupang were worth $41,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC increased its position in shares of Coupang by 17.9% during the 1st quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock valued at $318,000 after purchasing an additional 2,710 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Coupang by 5.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company’s stock valued at $39,801,000 after acquiring an additional 110,700 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Coupang by 2.9% in the third quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company’s stock valued at $21,706,000 after acquiring an additional 24,553 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Coupang by 55.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,524,994 shares of the company’s stock worth $94,799,000 after acquiring an additional 1,615,448 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Coupang by 767.9% during the 1st quarter. GSA Capital Partners LLP now owns 108,990 shares of the company’s stock worth $1,939,000 after purchasing an additional 96,432 shares during the period. 83.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CPNG has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Monday, October 7th. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and increased their price target for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Finally, Morgan Stanley boosted their price objective on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Trading Up 0.8 %

CPNG opened at $25.38 on Thursday. The company has a market capitalization of $45.37 billion, a P/E ratio of 36.25, a PEG ratio of 282.07 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $26.28. The stock’s fifty day moving average is $23.71 and its two-hundred day moving average is $22.21.

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

Insider Buying and Selling

In other news, insider Pranam Kolari sold 10,432 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $19.90, for a total value of $207,596.80. Following the sale, the insider now directly owns 170,356 shares in the company, valued at approximately $3,390,084.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coupang news, Director Greenoaks Capital Partners Llc purchased 251,300 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $22.58 per share, for a total transaction of $5,674,354.00. Following the completion of the purchase, the director now owns 50,126,224 shares in the company, valued at $1,131,850,137.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pranam Kolari sold 10,432 shares of the business’s 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 sale, the insider now owns 170,356 shares in the company, valued at $3,390,084.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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 currently owned by company insiders.

Coupang 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.