National Bank of Canada FI Has $141,000 Stake in Coupang, Inc. (NYSE:CPNG)

National Bank of Canada FI grew its holdings in Coupang, Inc. (NYSE:CPNG) by 15.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,687 shares of the company’s stock after purchasing an additional 890 shares during the quarter. National Bank of Canada FI’s holdings in Coupang were worth $141,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Baader Bank Aktiengesellschaft boosted its stake in Coupang by 5.7% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,567 shares of the company’s stock valued at $219,000 after purchasing an additional 567 shares during the period. Resonant Capital Advisors LLC grew its stake in shares of Coupang by 6.0% in the second quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company’s stock worth $235,000 after acquiring an additional 635 shares during the last quarter. Private Advisor Group LLC increased its position in Coupang by 1.6% during the fourth 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. Global Retirement Partners LLC raised its stake in Coupang by 135.8% during the 1st quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock valued at $26,000 after purchasing an additional 827 shares during the last quarter. Finally, TCW Group Inc. raised its stake in Coupang by 6.4% during the 2nd quarter. TCW Group Inc. now owns 16,781 shares of the company’s stock valued at $352,000 after purchasing an additional 1,007 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Insider Transactions at Coupang

In other news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the acquisition, the director now directly owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coupang news, insider Pranam Kolari sold 10,432 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $19.90, for a total value of $207,596.80. Following the transaction, the insider now owns 170,356 shares of the company’s stock, valued at $3,390,084.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Greenoaks Capital Partners Llc bought 100,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average price of $22.95 per share, with a total value of $2,295,000.00. Following the completion of the purchase, the director now owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 601,300 shares of company stock valued at $13,604,354 and have sold 1,110,432 shares valued at $23,870,597. 13.60% of the stock is owned by insiders.

Coupang Trading Up 1.1 %

CPNG stock opened at $23.95 on Friday. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $24.35. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $21.81 and its 200-day moving average is $21.17. The firm has a market cap of $42.96 billion, a P/E ratio of 34.21, a P/E/G ratio of 171.76 and a beta of 1.10.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same quarter in the previous year, the firm earned $0.08 EPS. Coupang’s quarterly revenue was up 25.4% on a year-over-year basis. Equities analysts anticipate that Coupang, Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CPNG has been the topic of several research reports. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and boosted their price target for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. Morgan Stanley lifted their price objective on Coupang from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

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.