Orion Portfolio Solutions LLC Purchases 1,875 Shares of Coupang, Inc. (NYSE:CPNG)

Orion Portfolio Solutions LLC grew its position in shares of Coupang, Inc. (NYSE:CPNG) by 14.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 15,146 shares of the company’s stock after acquiring an additional 1,875 shares during the period. Orion Portfolio Solutions LLC’s holdings in Coupang were worth $372,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CPNG. Brooklyn Investment Group purchased a new stake in Coupang in the third quarter worth $28,000. Asset Dedication LLC grew its position in shares of Coupang by 438.1% in the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after buying an additional 990 shares during the period. Van ECK Associates Corp grew its position in shares of Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares during the period. Wolff Wiese Magana LLC increased its stake in shares of Coupang by 330.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after acquiring an additional 1,295 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Coupang by 438.9% during the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after acquiring an additional 1,931 shares during the period. Institutional investors own 83.72% of the company’s stock.

Insider Activity

In other news, Director Greenoaks Capital Partners Llc acquired 687,700 shares of Coupang stock in a transaction that occurred on 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 transaction, the director now owns 52,726,423 shares in the company, valued at $1,269,652,265.84. The trade was a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at $45,940,000. The trade was a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company’s stock.

Coupang Stock Performance

Shares of CPNG opened at $22.56 on Thursday. The company has a market cap of $40.58 billion, a price-to-earnings ratio of 39.58, a P/E/G ratio of 215.03 and a beta of 1.07. The business’s fifty day simple moving average is $24.82 and its two-hundred day simple moving average is $23.15. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same period last year, the firm posted $0.05 earnings per share. Coupang’s revenue was up 27.2% compared to the same quarter last year. Research analysts anticipate that Coupang, Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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