Inspirion Wealth Advisors LLC Decreases Stake in Coupang, Inc. (NYSE:CPNG)

Inspirion Wealth Advisors LLC reduced its stake in Coupang, Inc. (NYSE:CPNG) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,914 shares of the company’s stock after selling 2,000 shares during the period. Coupang makes up about 0.4% of Inspirion Wealth Advisors LLC’s holdings, making the stock its 27th largest holding. Inspirion Wealth Advisors LLC’s holdings in Coupang were worth $3,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Coupang by 21.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 66,851 shares of the company’s stock worth $1,469,000 after purchasing an additional 11,914 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Coupang in the fourth quarter worth $300,000. Assenagon Asset Management S.A. boosted its stake in shares of Coupang by 85.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock valued at $24,182,000 after purchasing an additional 506,622 shares during the period. Oak Thistle LLC purchased a new stake in Coupang in the 4th quarter worth approximately $1,651,000. Finally, Ignite Planners LLC boosted its position in Coupang by 2.5% during the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock valued at $452,000 after acquiring an additional 483 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Price Performance

Shares of NYSE:CPNG opened at $22.31 on Friday. The firm has a market cap of $40.13 billion, a price-to-earnings ratio of 39.14, a P/E/G ratio of 34.64 and a beta of 1.10. The firm has a fifty day moving average price of $23.56 and a 200 day moving average price of $23.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $26.91.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (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 the consensus estimate of $7.76 billion. During the same period in the prior year, the business posted $0.05 earnings per share. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. As a group, sell-side analysts expect that Coupang, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Bom Kim sold 15,000,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the transaction, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. The trade was a 88.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the company’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the transaction, the director now owns 52,726,423 shares of the company’s stock, valued at approximately $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. Insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CPNG. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, October 7th. Citigroup dropped their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Coupang currently has an average rating of “Moderate Buy” and an average price target of $27.56.

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.