40,051 Coupang, Inc. $CPNG Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in shares of Coupang, Inc. (NYSE:CPNG) by 20.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,385 shares of the company’s stock after selling 40,051 shares during the period. ProShare Advisors LLC’s holdings in Coupang were worth $2,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vise Technologies Inc. boosted its holdings in Coupang by 6.6% in the third quarter. Vise Technologies Inc. now owns 21,112 shares of the company’s stock worth $293,000 after acquiring an additional 1,315 shares in the last quarter. State of Wyoming raised its position in shares of Coupang by 133.5% during the third quarter. State of Wyoming now owns 51,977 shares of the company’s stock worth $721,000 after purchasing an additional 29,713 shares during the period. Partners Wealth Management LLC acquired a new position in shares of Coupang during the third quarter worth approximately $208,000. Motley Fool Asset Management LLC lifted its holdings in shares of Coupang by 7.3% in the 3rd quarter. Motley Fool Asset Management LLC now owns 53,534 shares of the company’s stock worth $743,000 after purchasing an additional 3,630 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Coupang by 652.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,702 shares of the company’s stock worth $37,000 after purchasing an additional 2,343 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Insiders Place Their Bets

In other news, insider Harold Rogers sold 192,110 shares of Coupang stock in a transaction on Monday, August 10th. The stock was sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the sale, the insider directly owned 740,931 shares in the company, valued at $11,988,263.58. The trade was a 20.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jonathan D. Lee sold 5,519 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $13.65, for a total transaction of $75,334.35. Following the completion of the transaction, the chief accounting officer directly owned 176,396 shares in the company, valued at $2,407,805.40. This trade represents a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 203,148 shares of company stock worth $3,272,530 over the last quarter. 12.83% of the stock is currently owned by corporate insiders.

Key Stories Impacting Coupang

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Analyst actions are broadly supportive: Barclays raised its price target to $32 and maintained an Overweight rating, while Citi upgraded Coupang to Buy with a $19 target. Barclays rating Citi upgrade
• Positive Sentiment: Q3 constant-currency revenue grew 11% year over year, and Taiwan WOW membership more than doubled. These growth figures may help reinforce the longer-term expansion story. Q3 investor takeaways
• Neutral Sentiment: Wall Street analyst coverage remains divided: Bernstein cut its target to $11 and kept an Underperform rating, contrasting with the recent upgrades. Bernstein rating
• Negative Sentiment: A Seoul court dismissed Coupang’s suit challenging a fine from South Korea’s data-protection agency, leaving an adverse regulatory decision in place and adding legal risk. Court ruling
• Negative Sentiment: Despite revenue exceeding estimates, Coupang’s latest quarterly EPS missed analysts’ expectations, and coverage highlighted widening losses. That earnings-quality concern may temper optimism around the growth and analyst upgrades. Q3 growth and losses analysis

Coupang Stock Down 0.9%

Coupang stock traded down $0.15 during trading on Friday, hitting $16.27. 15,261,974 shares of the company were exchanged, compared to its average volume of 13,735,645. The company has a market capitalization of $29.25 billion, a P/E ratio of -21.41 and a beta of 1.15. The business’s 50 day moving average is $14.74 and its 200 day moving average is $17.15. Coupang, Inc. has a 52 week low of $13.35 and a 52 week high of $29.50. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09). Coupang had a negative return on equity of 8.77% and a negative net margin of 2.16%. The firm had revenue of $9.96 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. Coupang’s revenue was up 7.5% compared to the same quarter last year. Analysts predict that Coupang, Inc. will post -0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Coupang from a “strong sell” rating to a “sell” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and dropped their price objective for the company from $23.00 to $21.50 in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Coupang in a report on Monday. Barclays boosted their target price on shares of Coupang from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Sanford C. Bernstein lowered their target price on shares of Coupang from $12.00 to $11.00 and set an “underperform” rating on the stock in a report on Thursday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Coupang has a consensus rating of “Hold” and a consensus target price of $23.41.

Coupang Company Profile

Coupang, Inc is an e-commerce and technology company best known for its online marketplace in South Korea. The platform offers products across categories such as electronics, apparel, household goods and groceries, combining third-party sellers with retail operations and a network of fulfillment and delivery services.

Its services include Rocket Delivery for rapid shipping, Rocket Fresh for grocery delivery and Coupang Eats for food delivery. Coupang also offers Coupang Play, a video-streaming service, and operates a paid membership program called Rocket Wow.