Adalta Capital Management LLC Has $1.72 Million Holdings in Coupang, Inc. (NYSE:CPNG)

Adalta Capital Management LLC lessened its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,261 shares of the company’s stock after selling 700 shares during the quarter. Coupang accounts for approximately 0.9% of Adalta Capital Management LLC’s portfolio, making the stock its 23rd largest position. Adalta Capital Management LLC’s holdings in Coupang were worth $1,720,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Coupang by 23.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company’s stock worth $4,861,000 after purchasing an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC bought a new position in shares of Coupang in the fourth quarter valued at approximately $2,618,000. New York Life Investment Management LLC purchased a new stake in shares of Coupang during the fourth quarter valued at approximately $349,000. Ninety One UK Ltd bought a new stake in Coupang during the fourth quarter worth $46,388,000. Finally, Vanguard Group Inc. boosted its position in Coupang by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,366,214 shares of the company’s stock worth $117,949,000 after purchasing an additional 54,364 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Trading Down 0.1%

Coupang stock opened at $27.12 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. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $27.73. The stock has a market cap of $49.24 billion, a P/E ratio of 47.58, a PEG ratio of 52.20 and a beta of 1.08. The firm’s fifty day moving average price is $23.21 and its 200-day moving average price is $23.47.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $8.02 billion. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Pranam Kolari sold 9,347 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the sale, the vice president now directly owns 177,106 shares of the company’s stock, valued at $4,223,978.10. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gaurav Anand sold 75,350 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $26.10, for a total value of $1,966,635.00. Following the transaction, the chief financial officer now directly owns 2,267,290 shares of the company’s stock, valued at $59,176,269. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,334,697 shares of company stock worth $780,547,061. Insiders own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on CPNG shares. Barclays lifted their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Mizuho upgraded Coupang to a “hold” rating in a research note on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coupang has an average rating of “Moderate Buy” and an average price target of $29.64.

About Coupang

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.