180 Wealth Advisors LLC Purchases 7,455 Shares of Coupang, Inc. (NYSE:CPNG)

180 Wealth Advisors LLC raised its position in shares of Coupang, Inc. (NYSE:CPNG) by 28.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,345 shares of the company’s stock after acquiring an additional 7,455 shares during the period. 180 Wealth Advisors LLC’s holdings in Coupang were worth $593,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CPNG. Headinvest LLC bought a new stake in shares of Coupang in the third quarter valued at about $29,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Coupang by 27.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company’s stock valued at $138,000 after buying an additional 1,821 shares during the period. Optimum Investment Advisors bought a new stake in shares of Coupang in the first quarter valued at about $148,000. Integrity Wealth Solutions LLC bought a new stake in shares of Coupang in the fourth quarter valued at about $163,000. Finally, Lake Hills Wealth Management LLC bought a new stake in shares of Coupang in the first quarter valued at about $185,000. 83.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CPNG has been the subject of several research reports. Morgan Stanley increased their target price on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group upgraded shares of Coupang from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.50 to $26.00 in a research note on Thursday, May 16th. Barclays raised their price target on shares of Coupang from $25.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Mizuho raised their price target on shares of Coupang from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and raised their price target for the stock from $18.50 to $21.00 in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Insider Activity at Coupang

In related news, Director Benjamin Sun sold 700,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $20.63, for a total value of $14,441,000.00. Following the completion of the sale, the director now owns 2,169,421 shares of the company’s stock, valued at $44,755,155.23. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Coupang news, Director Greenoaks Capital Partners Llc acquired 500,000 shares of Coupang stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $22.06 per share, with a total value of $11,030,000.00. Following the completion of the purchase, the director now owns 48,626,374 shares in the company, valued at $1,072,697,810.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Benjamin Sun sold 700,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $20.63, for a total transaction of $14,441,000.00. Following the completion of the transaction, the director now directly owns 2,169,421 shares in the company, valued at $44,755,155.23. The disclosure for this sale can be found here. Insiders sold a total of 753,538 shares of company stock valued at $15,662,818 over the last quarter. Corporate insiders own 13.60% of the company’s stock.

Coupang Price Performance

Shares of NYSE CPNG traded down $0.19 during mid-day trading on Thursday, hitting $21.09. 3,437,944 shares of the stock were exchanged, compared to its average volume of 11,821,271. The company has a market cap of $37.71 billion, a P/E ratio of 30.13, a PEG ratio of 8.72 and a beta of 1.12. The stock’s fifty day simple moving average is $22.20 and its two-hundred day simple moving average is $18.72. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.89 and a current ratio of 1.15. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $23.77.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $7.11 billion during the quarter, compared to analyst estimates of $6.95 billion. Coupang had a net margin of 4.96% and a return on equity of 13.59%. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. As a group, analysts forecast that Coupang, Inc. will post 0.13 EPS for the current fiscal year.

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.