Mount Yale Investment Advisors LLC Increases Stock Position in Coupang, Inc. (NYSE:CPNG)

Mount Yale Investment Advisors LLC increased its stake in shares of Coupang, Inc. (NYSE:CPNG) by 11.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,323 shares of the company’s stock after purchasing an additional 8,542 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Coupang were worth $1,996,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

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

Coupang Price Performance

CPNG opened at $25.61 on Friday. The stock has a fifty day moving average of $24.04 and a 200-day moving average of $22.47. The firm has a market capitalization of $45.78 billion, a P/E ratio of 36.58, a PEG ratio of 282.07 and a beta of 1.11. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $26.28. 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 (NYSE:CPNG) last released its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.39 billion. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the business earned $0.08 earnings per share. Equities analysts forecast that Coupang, Inc. will post 0.09 EPS for the current fiscal year.

Insider Transactions at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of Coupang stock in a transaction 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 completion of the purchase, the director now owns 50,476,224 shares in the company, valued at $1,158,429,340.80. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Gaurav Anand sold 200,000 shares of Coupang stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $22.75, for a total value of $4,550,000.00. Following the sale, the chief financial officer now owns 1,937,500 shares of the company’s stock, valued at approximately $44,078,125. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 100,000 shares of Coupang stock in a transaction that occurred on Wednesday, August 21st. The shares were bought 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 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 position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 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 corporate 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.