Coupang, Inc. (NYSE:CPNG) Shares Sold by Bamco Inc. NY

Bamco Inc. NY trimmed its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,793,580 shares of the company's stock after selling 598,815 shares during the quarter. Bamco Inc. NY owned approximately 0.38% of Coupang worth $166,782,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CPNG. Brooklyn Investment Group acquired a new stake in Coupang in the 3rd quarter valued at about $28,000. Asset Dedication LLC grew its holdings in shares of Coupang by 438.1% during the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company's stock valued at $30,000 after purchasing an additional 990 shares during the last quarter. Van ECK Associates Corp raised its position in 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 purchasing an additional 484 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Coupang by 308.2% in 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 last quarter. Finally, Wolff Wiese Magana LLC lifted its position in shares of Coupang by 330.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company's stock worth $41,000 after purchasing an additional 1,295 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Coupang

In other Coupang news, CEO Bom Kim sold 15,000,000 shares of the firm's stock in a transaction on Monday, November 11th. The stock was 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 directly owns 2,000,000 shares in the company, valued at $45,940,000. This trade represents a 88.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 750,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $24.01 per share, for a total transaction of $18,007,500.00. Following the transaction, the director now directly owns 52,038,723 shares in the company, valued at approximately $1,249,449,739.23. This represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. Insiders own 13.60% of the company's stock.

Coupang Price Performance

CPNG traded down $0.37 on Monday, hitting $24.99. 4,760,739 shares of the company's stock traded hands, compared to its average volume of 9,642,537. Coupang, Inc. has a one year low of $13.51 and a one year high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm has a market cap of $44.95 billion, a price-to-earnings ratio of 43.84, a P/E/G ratio of 228.26 and a beta of 1.10. The company's 50 day simple moving average is $25.10 and its 200-day simple moving average is $23.06.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business's revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, research analysts anticipate that Coupang, Inc. will post 0.11 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. CLSA upgraded Coupang from a "hold" rating to an "outperform" rating and increased their target price 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 research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.56.

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.