Aigen Investment Management LP Takes Position in Coupang, Inc. (NYSE:CPNG)

Aigen Investment Management LP bought a new position in shares of Coupang, Inc. (NYSE:CPNG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,855 shares of the company’s stock, valued at approximately $266,000.

Other large investors also recently bought and sold shares of the company. Asset Dedication LLC raised its position in shares of Coupang by 438.1% during the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after purchasing an additional 990 shares during the last quarter. Van ECK Associates Corp increased its position in Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after purchasing an additional 484 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after acquiring an additional 1,295 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Coupang by 308.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,470 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after purchasing an additional 1,931 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling

In other news, Director Greenoaks Capital Partners Llc acquired 750,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $24.01 per share, with a total value of $18,007,500.00. Following the completion of the acquisition, the director now directly owns 52,038,723 shares in the company, valued at $1,249,449,739.23. This represents a 1.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the transaction, the director now directly owns 1,969,421 shares in the company, valued at approximately $46,005,674.56. This represents a 9.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,537,700 shares of company stock worth $36,862,316 and sold 15,200,956 shares worth $349,245,164. Insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CPNG shares. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Monday, October 7th. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and upped their price target for the stock from $18.00 to $31.00 in a research report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Coupang currently has an average rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Stock Down 3.4 %

Shares of Coupang stock opened at $24.48 on Friday. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $26.91. The company has a market capitalization of $43.91 billion, a PE ratio of 42.95, a P/E/G ratio of 233.12 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The business has a 50-day moving average of $24.90 and a 200-day moving average of $22.89.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share 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 during the quarter, compared to analyst estimates of $7.76 billion. During the same quarter last year, the firm earned $0.05 EPS. Coupang’s quarterly revenue was up 27.2% on a year-over-year basis. As a group, equities analysts forecast that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

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.