Douglass Winthrop Advisors LLC Boosts Stake in Coupang, Inc. (NYSE:CPNG)

Douglass Winthrop Advisors LLC increased its stake in shares of Coupang, Inc. (NYSE:CPNG) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,063 shares of the company’s stock after buying an additional 4,272 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Coupang were worth $7,096,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CPNG. Asset Dedication LLC lifted its position in Coupang by 438.1% during the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after acquiring an additional 990 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after purchasing an additional 484 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Coupang by 308.2% during the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,470 shares during the period. Wolff Wiese Magana LLC boosted its position in Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after buying an additional 1,295 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after buying an additional 1,931 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coupang

In related news, Director Greenoaks Capital Partners Llc acquired 687,700 shares of Coupang stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the completion of the transaction, the director now owns 52,726,423 shares of the company’s stock, valued at approximately $1,269,652,265.84. The trade was a 1.32 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the sale, the chief executive officer now owns 2,000,000 shares in the company, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

Coupang Stock Performance

Shares of NYSE CPNG opened at $24.32 on Monday. The company has a market capitalization of $43.75 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 218.90 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company’s fifty day moving average price is $24.99 and its 200 day moving average price is $22.95. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $26.91.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. On average, research analysts predict that Coupang, Inc. will post 0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPNG has been the subject of several research reports. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, October 7th. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and boosted their target price for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

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.