Ceera Investments LLC Sells 3,658 Shares of Coupang, Inc. (NYSE:CPNG)

Ceera Investments LLC lessened its stake in Coupang, Inc. (NYSE:CPNG) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,495 shares of the company’s stock after selling 3,658 shares during the quarter. Coupang makes up about 1.5% of Ceera Investments LLC’s holdings, making the stock its 24th largest position. Ceera Investments LLC’s holdings in Coupang were worth $4,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Asset Dedication LLC lifted its holdings in shares of 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 in the last quarter. Van ECK Associates Corp increased its position in Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares during the last quarter. Wolff Wiese Magana LLC increased its position in Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after buying an additional 1,295 shares during the last quarter. GAMMA Investing LLC increased its position in Coupang by 308.2% in the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after buying an additional 1,470 shares during the last quarter. Finally, Signaturefd LLC increased its position in Coupang by 438.9% in the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after buying an additional 1,931 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other Coupang news, 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 price of $22.95 per share, for a total transaction of $2,295,000.00. Following the acquisition, the director now directly owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin Sun sold 200,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total value of $4,672,000.00. Following the transaction, the director now 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 have purchased 1,537,700 shares of company stock worth $36,862,316 and have sold 15,200,956 shares worth $349,245,164. Company insiders own 13.60% of the company’s stock.

Coupang Trading Down 3.4 %

Shares of CPNG stock opened at $24.48 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $24.90 and a two-hundred day moving average price of $22.90. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $26.91. The firm has a market cap of $44.04 billion, a P/E ratio of 42.95, a price-to-earnings-growth ratio of 220.34 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CPNG shares. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Monday, October 7th. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and lifted their price target for the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.