Coupang, Inc. $CPNG Holdings Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 421.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 175,861 shares of the company’s stock after buying an additional 142,156 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Coupang were worth $5,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Albion Financial Group UT purchased a new position in shares of Coupang during the 2nd quarter valued at $30,000. Hilltop National Bank acquired a new stake in Coupang during the third quarter valued at $34,000. Loomis Sayles & Co. L P purchased a new position in Coupang in the second quarter valued at about $45,000. Hollencrest Capital Management increased its position in Coupang by 3,246.0% in the 2nd quarter. Hollencrest Capital Management now owns 1,673 shares of the company’s stock worth $50,000 after purchasing an additional 1,623 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Coupang in the 2nd quarter worth about $58,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on CPNG shares. Bank of America boosted their price target on Coupang from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Zacks Research raised Coupang from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Mizuho increased their price target on Coupang from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Coupang in a report on Monday, January 5th. Finally, Barclays raised their target price on shares of Coupang from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.57.

Coupang Stock Performance

Shares of NYSE CPNG opened at $19.98 on Monday. The firm has a market capitalization of $36.49 billion, a price-to-earnings ratio of 95.12 and a beta of 1.20. Coupang, Inc. has a one year low of $19.02 and a one year high of $34.08. The business has a fifty day simple moving average of $24.31 and a 200 day simple moving average of $28.35. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.13 billion. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling

In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of Coupang stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $23.62, for a total value of $63,277.98. Following the completion of the transaction, the chief accounting officer owned 122,096 shares in the company, valued at approximately $2,883,907.52. The trade was a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $31.98, for a total value of $372,662.94. Following the completion of the transaction, the vice president directly owned 147,023 shares of the company’s stock, valued at $4,701,795.54. This represents a 7.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 12.78% of the stock is owned by corporate insiders.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.