Motley Fool Asset Management LLC Boosts Stake in Coupang, Inc. (NYSE:CPNG)

Motley Fool Asset Management LLC raised its holdings in Coupang, Inc. (NYSE:CPNG) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 49,052 shares of the company’s stock after acquiring an additional 3,230 shares during the period. Motley Fool Asset Management LLC’s holdings in Coupang were worth $794,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CPNG. Headinvest LLC acquired a new stake in shares of Coupang during the 3rd quarter worth $29,000. NBC Securities Inc. acquired a new stake in shares of Coupang during the 3rd quarter worth $51,000. Deuterium Capital Management LLC purchased a new stake in Coupang during the 3rd quarter worth $170,000. Orion Portfolio Solutions LLC purchased a new stake in Coupang during the 3rd quarter worth $172,000. Finally, Resonant Capital Advisors LLC purchased a new stake in Coupang during the 3rd quarter worth $173,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Pranam Kolari sold 2,356 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total transaction of $32,701.28. Following the completion of the sale, the insider now directly owns 182,844 shares in the company, valued at $2,537,874.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Coupang news, insider Pranam Kolari sold 2,356 shares of Coupang stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $13.88, for a total transaction of $32,701.28. Following the transaction, the insider now directly owns 182,844 shares in the company, valued at approximately $2,537,874.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the transaction, the insider now owns 364,542,259 shares in the company, valued at $6,929,948,343.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,355,590 shares of company stock worth $633,443,979. Corporate insiders own 14.90% of the company’s stock.

Coupang Price Performance

Shares of NYSE CPNG traded down $0.12 during mid-day trading on Friday, reaching $22.91. 10,399,800 shares of the company traded hands, compared to its average volume of 13,256,170. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $23.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.90. The firm has a market cap of $41.08 billion, a PE ratio of 30.55 and a beta of 1.32. The stock has a fifty day simple moving average of $18.98 and a 200-day simple moving average of $17.00.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The business had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts anticipate that Coupang, Inc. will post 0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CPNG shares. Barclays upped their price target on shares of Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and upped their price target for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. TheStreet raised shares of Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Finally, Citigroup raised shares of Coupang from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.00 to $26.00 in a research report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.42.

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.