Wealth Enhancement Advisory Services LLC Has $207,000 Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 14.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,451 shares of the company’s stock after selling 1,467 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Coupang were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC increased its stake in Coupang by 11.7% in the third quarter. Mount Yale Investment Advisors LLC now owns 81,323 shares of the company’s stock valued at $1,996,000 after purchasing an additional 8,542 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Coupang by 134.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 54,937 shares of the company’s stock worth $1,349,000 after purchasing an additional 31,458 shares in the last quarter. AMS Capital Ltda lifted its position in shares of Coupang by 23.2% in the third quarter. AMS Capital Ltda now owns 218,646 shares of the company’s stock worth $5,368,000 after purchasing an additional 41,173 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Coupang by 7.3% during the third quarter. Private Advisor Group LLC now owns 59,298 shares of the company’s stock worth $1,456,000 after purchasing an additional 4,036 shares during the last quarter. Finally, Signaturefd LLC grew its position in Coupang by 438.9% in the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after purchasing an additional 1,931 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Up 1.7 %

CPNG opened at $24.51 on Wednesday. The stock’s fifty day simple moving average is $24.72 and its 200 day simple moving average is $22.83. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $26.91. The stock has a market cap of $43.96 billion, a PE ratio of 43.00 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, research analysts expect that Coupang, Inc. will post 0.11 earnings per share for the current year.

Insider Buying and Selling at Coupang

In other news, Director Greenoaks Capital Partners Llc acquired 687,700 shares of Coupang stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $24.08 per share, for a total transaction of $16,559,816.00. Following the completion of the acquisition, the director now directly owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Coupang news, Director Greenoaks Capital Partners Llc bought 687,700 shares of Coupang stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the transaction, the director now owns 52,726,423 shares in the company, valued at $1,269,652,265.84. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the sale, the director now directly owns 1,969,421 shares in the company, valued at $46,005,674.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 1,637,700 shares of company stock valued at $39,101,316 in the last three months. 13.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CPNG shares. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and increased their price objective for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Coupang currently has a consensus rating of “Moderate Buy” and an average price target of $27.56.

Coupang 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.