Martingale Asset Management L P Has $1.14 Million Position in Coupang, Inc. (NYSE:CPNG)

Martingale Asset Management L P grew its holdings in Coupang, Inc. (NYSE:CPNG) by 22.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,276 shares of the company’s stock after purchasing an additional 8,566 shares during the quarter. Martingale Asset Management L P’s holdings in Coupang were worth $1,136,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Coupang by 8.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,247,757 shares of the company’s stock valued at $30,632,000 after purchasing an additional 92,463 shares during the last quarter. FORA Capital LLC grew its position in Coupang by 31.0% during the third quarter. FORA Capital LLC now owns 41,934 shares of the company’s stock worth $1,029,000 after buying an additional 9,920 shares in the last quarter. Clark Estates Inc. NY acquired a new stake in Coupang during the third quarter worth about $228,000. Brooklyn Investment Group acquired a new stake in Coupang during the third quarter worth about $28,000. Finally, D.A. Davidson & CO. grew its position in Coupang by 5.1% during the third quarter. D.A. Davidson & CO. now owns 121,373 shares of the company’s stock worth $2,980,000 after buying an additional 5,940 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Down 0.4 %

Shares of CPNG opened at $25.36 on Monday. The stock has a market cap of $45.62 billion, a price-to-earnings ratio of 44.49, a P/E/G ratio of 228.26 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $26.91. The company has a 50-day moving average price of $25.10 and a two-hundred day moving average price of $23.06.

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

Insider Activity

In other news, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at approximately $45,940,000. The trade was a 88.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the transaction, the director now directly owns 52,726,423 shares in the company, valued at $1,269,652,265.84. The trade was a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 13.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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