Coupang, Inc. (NYSE:CPNG) Stock Holdings Increased by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC grew its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 49,908 shares of the company’s stock after acquiring an additional 603 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Coupang were worth $1,097,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CPNG. Wingate Wealth Advisors Inc. bought a new position in Coupang in the 4th quarter valued at about $26,000. Berbice Capital Management LLC acquired a new stake in shares of Coupang in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. boosted its holdings in shares of Coupang by 520.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock valued at $43,000 after acquiring an additional 1,640 shares in the last quarter. Allworth Financial LP increased its stake in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after acquiring an additional 1,986 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in Coupang by 142.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company’s stock worth $53,000 after purchasing an additional 1,429 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Mizuho raised Coupang to a “hold” rating in a report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Coupang has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Insiders Place Their Bets

In related news, VP Pranam Kolari sold 9,347 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total transaction of $222,925.95. Following the transaction, the vice president now directly owns 177,106 shares of the company’s stock, valued at approximately $4,223,978.10. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the sale, the director now directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This represents a 12.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,334,697 shares of company stock worth $780,547,061 over the last ninety days. 13.60% of the stock is currently owned by company insiders.

Coupang Stock Up 1.4%

Shares of Coupang stock opened at $27.22 on Monday. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $27.73. The firm has a market capitalization of $49.15 billion, a PE ratio of 47.76, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. 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 stock’s fifty day moving average is $23.01 and its 200-day moving average is $23.43.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. Coupang’s quarterly revenue was up 11.2% on a year-over-year basis. Equities analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

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.