GFS Advisors LLC Sells 1,050 Shares of Coupang, Inc. $CPNG

GFS Advisors LLC lessened its position in Coupang, Inc. (NYSE:CPNGFree Report) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,485 shares of the company’s stock after selling 1,050 shares during the quarter. GFS Advisors LLC’s holdings in Coupang were worth $2,112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new position in Coupang in the second quarter valued at $272,000. Aberdeen Group plc boosted its position in Coupang by 11.3% during the second quarter. Aberdeen Group plc now owns 602,922 shares of the company’s stock valued at $18,064,000 after buying an additional 61,150 shares during the period. Blue Trust Inc. boosted its position in Coupang by 92.9% during the second quarter. Blue Trust Inc. now owns 5,954 shares of the company’s stock valued at $178,000 after buying an additional 2,867 shares during the period. Ramirez Asset Management Inc. boosted its position in Coupang by 185.4% during the second quarter. Ramirez Asset Management Inc. now owns 178,638 shares of the company’s stock valued at $5,352,000 after buying an additional 116,046 shares during the period. Finally, Callan Family Office LLC purchased a new stake in Coupang during the second quarter valued at about $246,000. Institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling

In related news, VP Pranam Kolari sold 11,653 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $29.14, for a total value of $339,568.42. Following the completion of the transaction, the vice president directly owned 158,676 shares of the company’s stock, valued at $4,623,818.64. This represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin Sun sold 815,797 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $31.88, for a total transaction of $26,007,608.36. Following the completion of the transaction, the director directly owned 503,624 shares of the company’s stock, valued at approximately $16,055,533.12. The trade was a 61.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 988,983 shares of company stock valued at $31,203,966 over the last quarter. 12.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on CPNG. Morgan Stanley upped their price target on shares of Coupang from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of Coupang from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Zacks Research lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Arete Research began coverage on shares of Coupang in a research report on Thursday, September 18th. They set a “buy” rating and a $40.00 price target for the company. Finally, Nomura Securities upgraded shares of Coupang to a “strong-buy” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Coupang has an average rating of “Moderate Buy” and a consensus target price of $33.50.

Read Our Latest Stock Report on CPNG

Coupang Stock Performance

Coupang stock opened at $31.26 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $30.49 and a 200-day moving average of $27.97. The firm has a market cap of $56.98 billion, a P/E ratio of 156.28 and a beta of 1.18. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $34.08.

Coupang (NYSE:CPNGGet Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Coupang had a return on equity of 7.47% and a net margin of 1.13%.The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.34 billion. During the same period in the previous year, the company earned $0.07 earnings per share. Coupang’s quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Coupang Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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