Register Financial Advisors LLC Acquires Shares of 2,800 Coupang, Inc. (NYSE:CPNG)

Register Financial Advisors LLC acquired a new stake in Coupang, Inc. (NYSE:CPNG) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,800 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors have also recently bought and sold shares of CPNG. Private Advisor Group LLC lifted its holdings in shares of Coupang by 1.6% during the 4th quarter. Private Advisor Group LLC now owns 47,052 shares of the company’s stock worth $762,000 after acquiring an additional 760 shares during the period. Raymond James & Associates lifted its holdings in shares of Coupang by 1.2% during the 4th quarter. Raymond James & Associates now owns 87,812 shares of the company’s stock worth $1,422,000 after acquiring an additional 1,031 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in shares of Coupang by 1.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 73,612 shares of the company’s stock worth $1,192,000 after acquiring an additional 1,080 shares during the period. Ignite Planners LLC lifted its holdings in shares of Coupang by 7.1% during the 1st quarter. Ignite Planners LLC now owns 19,959 shares of the company’s stock worth $363,000 after acquiring an additional 1,316 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Coupang by 1.0% during the 4th quarter. M&T Bank Corp now owns 143,550 shares of the company’s stock worth $2,324,000 after acquiring an additional 1,461 shares during the period. Institutional investors own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CPNG shares. Morgan Stanley upped their price target on shares of Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday. Mizuho increased their price objective on shares of Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. TheStreet raised shares of Coupang from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Barclays increased their price objective on shares of Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Finally, UBS Group raised shares of Coupang from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.50 to $26.00 in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Coupang presently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Coupang Stock Down 0.8 %

CPNG opened at $20.92 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89. The company’s 50-day moving average is $22.18 and its 200 day moving average is $18.76. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $23.77. The firm has a market capitalization of $37.40 billion, a P/E ratio of 29.89, a PEG ratio of 8.74 and a beta of 1.12.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Coupang had a return on equity of 13.59% and a net margin of 4.96%. The company had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $6.95 billion. During the same quarter last year, the business posted $0.05 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis. Research analysts expect that Coupang, Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In related news, Director Hanseung Kang sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $23.00, for a total transaction of $920,000.00. Following the completion of the transaction, the director now owns 544,478 shares of the company’s stock, valued at $12,522,994. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Pranam Kolari sold 2,048 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the completion of the transaction, the insider now owns 187,951 shares of the company’s stock, valued at $4,198,825.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Hanseung Kang sold 40,000 shares of Coupang stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $23.00, for a total transaction of $920,000.00. Following the sale, the director now owns 544,478 shares of the company’s stock, valued at $12,522,994. The disclosure for this sale can be found here. Insiders sold 753,538 shares of company stock worth $15,662,818 over the last quarter. Corporate insiders own 13.60% of the company’s stock.

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.