Greenwood Capital Associates LLC Sells 165,226 Shares of Coupang, Inc. (NYSE:CPNG)

Greenwood Capital Associates LLC lowered its stake in Coupang, Inc. (NYSE:CPNG) by 95.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,273 shares of the company’s stock after selling 165,226 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Coupang were worth $203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CPNG. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Coupang by 10.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 372,547 shares of the company’s stock valued at $6,628,000 after acquiring an additional 35,703 shares during the period. Private Advisor Group LLC increased its position in shares of Coupang by 2.2% during the first quarter. Private Advisor Group LLC now owns 48,088 shares of the company’s stock worth $855,000 after acquiring an additional 1,036 shares in the last quarter. Cohen Capital Management Inc. lifted its position in Coupang by 45.2% in the 1st quarter. Cohen Capital Management Inc. now owns 240,978 shares of the company’s stock valued at $4,287,000 after acquiring an additional 75,033 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of Coupang in the first quarter worth approximately $773,000. Finally, Deuterium Capital Management LLC boosted its position in shares of Coupang by 25.0% during the first quarter. Deuterium Capital Management LLC now owns 12,500 shares of the company’s stock valued at $222,000 after buying an additional 2,500 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CPNG. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and boosted their price target for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.56.

Insider Transactions at Coupang

In other news, Director Greenoaks Capital Partners Llc bought 100,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $22.39 per share, for a total transaction of $2,239,000.00. Following the completion of the acquisition, the director now owns 50,376,224 shares in the company, valued at approximately $1,127,923,655.36. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $22.39 per share, for a total transaction of $2,239,000.00. Following the acquisition, the director now owns 50,376,224 shares of the company’s stock, valued at $1,127,923,655.36. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 601,300 shares of company stock worth $13,604,354 and have sold 400,956 shares worth $9,245,164. Company insiders own 13.60% of the company’s stock.

Coupang Trading Up 4.6 %

Shares of CPNG opened at $26.89 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 1.12. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $26.91. The firm has a 50 day moving average price of $24.45 and a 200-day moving average price of $22.75. The firm has a market cap of $48.23 billion, a price-to-earnings ratio of 46.36 and a beta of 1.10.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The firm had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, equities research analysts forecast that Coupang, Inc. will post -0.03 earnings per share 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.