Posted by admin on Jul 5th, 2022 
Cwm LLC lifted its position in Coupang, Inc. (NYSE:CPNG – Get Rating) by 700.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 118,615 shares of the company’s stock after acquiring an additional 103,801 shares during the quarter. Cwm LLC’s holdings in Coupang were worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates boosted its position in shares of Coupang by 104.6% during the 4th quarter. Raymond James & Associates now owns 115,156 shares of the company’s stock valued at $3,383,000 after acquiring an additional 58,885 shares during the last quarter. Keebeck Wealth Management LLC lifted its position in Coupang by 36.6% in the fourth quarter. Keebeck Wealth Management LLC now owns 40,583 shares of the company’s stock valued at $1,192,000 after buying an additional 10,876 shares during the last quarter. AMS Capital Ltda lifted its position in Coupang by 46.4% in the fourth quarter. AMS Capital Ltda now owns 163,965 shares of the company’s stock valued at $4,817,000 after buying an additional 52,000 shares during the last quarter. Catalyst Private Wealth LLC lifted its position in shares of Coupang by 90.1% during the fourth quarter. Catalyst Private Wealth LLC now owns 43,532 shares of the company’s stock worth $1,279,000 after purchasing an additional 20,628 shares in the last quarter. Finally, Freestone Capital Holdings LLC lifted its position in shares of Coupang by 188.7% during the fourth quarter. Freestone Capital Holdings LLC now owns 75,567 shares of the company’s stock worth $2,220,000 after purchasing an additional 49,391 shares in the last quarter. 73.49% of the stock is owned by institutional investors.
Coupang stock opened at $15.04 on Tuesday. The stock has a 50-day moving average price of $12.62 and a 200 day moving average price of $18.32. Coupang, Inc. has a 52 week low of $8.98 and a 52 week high of $46.00. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.
Coupang (NYSE:CPNG – Get Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.53. Coupang had a negative return on equity of 48.47% and a negative net margin of 7.54%. During the same quarter in the previous year, the firm posted ($0.68) earnings per share. As a group, equities research analysts expect that Coupang, Inc. will post -0.43 earnings per share for the current year.
CPNG has been the topic of a number of recent research reports. Mizuho cut their target price on shares of Coupang from $28.00 to $18.00 in a research note on Thursday, May 12th. Morgan Stanley began coverage on shares of Coupang in a research report on Wednesday, June 29th. They set an “overweight” rating and a $18.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating in a research report on Tuesday, March 22nd. UBS Group upgraded shares of Coupang from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $37.00 price target on shares of Coupang in a report on Friday, April 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.25.
In other Coupang news, CAO Michael Parker sold 72,891 shares of Coupang stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $13.00, for a total value of $947,583.00. Following the completion of the sale, the chief accounting officer now owns 38,575 shares in the company, valued at approximately $501,475. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin M. Warsh purchased 38,372 shares of the stock in a transaction on Tuesday, May 17th. The stock was acquired at an average price of $13.14 per share, with a total value of $504,208.08. Following the acquisition, the director now directly owns 359,034 shares in the company, valued at $4,717,706.76. The disclosure for this purchase can be found here.
Coupang Company Profile (Get Rating)
Coupang, Inc owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It operates through two segments, Product Commerce and Growth Initiatives. The company 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.
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