Pacer Advisors Inc. Has $253,000 Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Pacer Advisors Inc. grew its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 4.1% during the fourth quarter, Holdings Channel reports. The firm owned 11,502 shares of the company’s stock after purchasing an additional 452 shares during the period. Pacer Advisors Inc.’s holdings in Coupang were worth $253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CPNG. Blue Trust Inc. boosted its holdings in Coupang by 25.7% in the 4th quarter. Blue Trust Inc. now owns 9,253 shares of the company’s stock valued at $203,000 after purchasing an additional 1,891 shares during the period. Berbice Capital Management LLC bought a new stake in Coupang during the fourth quarter worth about $31,000. RFG Advisory LLC raised its position in Coupang by 47.9% in the 4th quarter. RFG Advisory LLC now owns 30,357 shares of the company’s stock valued at $667,000 after purchasing an additional 9,833 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Coupang by 1,053.7% during the fourth quarter. SG Americas Securities LLC now owns 407,940 shares of the company’s stock worth $8,967,000 after purchasing an additional 372,581 shares during the last quarter. Finally, Avanza Fonder AB acquired a new position in Coupang during the 4th quarter worth about $2,729,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling

In other Coupang news, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the transaction, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at $45,940,000. This represents a 88.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the sale, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,009,234 shares of company stock valued at $344,761,515. Company insiders own 13.60% of the company’s stock.

Coupang Price Performance

Shares of CPNG opened at $23.69 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The firm has a market capitalization of $42.62 billion, a PE ratio of 41.57, a P/E/G ratio of 42.58 and a beta of 1.11. The stock has a 50 day simple moving average of $23.04 and a 200 day simple moving average of $23.46. Coupang, Inc. has a 52-week low of $13.66 and a 52-week high of $26.91.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue was up 27.2% compared to the same quarter last year. Sell-side analysts predict that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their price target on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.56.

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.