Deltec Asset Management LLC Takes $253,000 Position in Coupang, Inc. (NYSE:CPNG)

Deltec Asset Management LLC purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,500 shares of the company’s stock, valued at approximately $253,000.

A number of other large investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Coupang during the third quarter valued at $28,000. Asset Dedication LLC raised its position in shares of 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 buying an additional 990 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Coupang in the 4th quarter worth approximately $31,000. Van ECK Associates Corp boosted its holdings in shares of Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after acquiring an additional 484 shares in the last quarter. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of 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 acquiring an additional 1,295 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Price Performance

NYSE CPNG opened at $23.69 on Wednesday. The firm has a market cap of $42.62 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 42.58 and a beta of 1.11. The stock’s 50-day moving average is $23.04 and its two-hundred day moving average is $23.46. Coupang, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. During the same quarter in the previous year, the business earned $0.05 EPS. The business’s revenue was up 27.2% on a year-over-year basis. On average, analysts anticipate that Coupang, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Activity

In other Coupang news, CEO Bom Kim sold 15,000,000 shares of the company’s 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 sale, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the transaction, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,009,234 shares of company stock worth $344,761,515. Company insiders own 13.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Company 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.