Choreo LLC Acquires 12,485 Shares of Coupang, Inc. (NYSE:CPNG)

Choreo LLC increased its stake in Coupang, Inc. (NYSE:CPNG) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 212,149 shares of the company’s stock after purchasing an additional 12,485 shares during the quarter. Choreo LLC’s holdings in Coupang were worth $4,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its position in shares of Coupang by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock worth $253,000 after purchasing an additional 452 shares during the period. Ignite Planners LLC increased its stake in Coupang by 2.5% in the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock worth $452,000 after buying an additional 483 shares in the last quarter. Van ECK Associates Corp raised its holdings in Coupang by 63.1% during 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 during the period. Covestor Ltd lifted its position in shares of Coupang by 10.4% in the third quarter. Covestor Ltd now owns 6,479 shares of the company’s stock valued at $159,000 after acquiring an additional 612 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Coupang by 2.2% in the third quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock worth $850,000 after acquiring an additional 747 shares during the period. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Pranam Kolari sold 8,459 shares of the firm’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 sale, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at $45,940,000. This trade represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,009,234 shares of company stock valued at $344,761,515 in the last three months. Corporate insiders own 13.60% of the company’s stock.

Coupang Stock Performance

NYSE CPNG opened at $24.01 on Thursday. The stock has a market capitalization of $43.18 billion, a PE ratio of 42.12, a P/E/G ratio of 42.58 and a beta of 1.11. Coupang, Inc. has a 1-year low of $13.67 and a 1-year high of $26.91. The business has a 50 day simple moving average of $23.01 and a two-hundred day simple moving average of $23.46. 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 announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share 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 company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the previous year, the business posted $0.05 earnings per share. Coupang’s quarterly revenue was up 27.2% on a year-over-year basis. On average, research analysts predict that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their target price on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note 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, Coupang currently has an average rating of “Moderate Buy” and an average target price 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.