RMR Capital Management LLC Purchases 5,435 Shares of Coupang, Inc. (NYSE:CPNG)

RMR Capital Management LLC lifted its position in shares of Coupang, Inc. (NYSE:CPNG) by 33.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,592 shares of the company’s stock after acquiring an additional 5,435 shares during the period. RMR Capital Management LLC’s holdings in Coupang were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Asset Dedication LLC raised its position in Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after purchasing an additional 990 shares during the last quarter. Van ECK Associates Corp boosted its stake 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 acquiring an additional 484 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Coupang by 308.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after buying an additional 1,470 shares during the period. Wolff Wiese Magana LLC increased its holdings in shares of Coupang by 330.4% during 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 in the last quarter. Finally, Signaturefd LLC increased its stake in Coupang by 438.9% during 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.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, October 7th. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and upped their price objective for the company from $18.00 to $31.00 in a 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Price Performance

Shares of CPNG stock traded up $0.21 on Tuesday, reaching $24.31. The company’s stock had a trading volume of 2,559,063 shares, compared to its average volume of 9,743,277. The company 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 12-month low of $13.51 and a 12-month high of $26.91. The stock’s 50 day simple moving average is $24.72 and its 200-day simple moving average is $22.83. The company has a quick ratio of 0.87, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

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 business 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 earned $0.05 earnings per share. The firm’s revenue was up 27.2% on a year-over-year basis. As a group, equities analysts predict that Coupang, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $22.39 per share, with a total value of $2,239,000.00. Following the transaction, the director now directly owns 50,376,224 shares of the company’s stock, valued at approximately $1,127,923,655.36. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $22.39 per share, for a total transaction of $2,239,000.00. Following the completion of the transaction, the director now directly owns 50,376,224 shares in the company, valued at approximately $1,127,923,655.36. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the completion of the sale, the director now owns 1,969,421 shares in the company, valued at $46,005,674.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by insiders.

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.