GFS Advisors LLC lessened its position in Coupang, Inc. (NYSE:CPNG – Free 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
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:CPNG – Get 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
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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