Hennion & Walsh Asset Management Inc. Purchases 11,914 Shares of Coupang, Inc. (NYSE:CPNG)

Hennion & Walsh Asset Management Inc. lifted its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 21.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,851 shares of the company's stock after buying an additional 11,914 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Coupang were worth $1,469,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in Coupang by 32.0% during the third quarter. FMR LLC now owns 27,153,608 shares of the company's stock worth $666,621,000 after acquiring an additional 6,584,910 shares during the last quarter. Coronation Fund Managers Ltd. lifted its holdings in shares of Coupang by 139.1% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company's stock valued at $118,258,000 after acquiring an additional 2,802,325 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company's stock worth $211,868,000 after purchasing an additional 2,603,046 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Coupang by 762.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company's stock worth $68,710,000 after buying an additional 2,474,175 shares during the period. Finally, Dorsal Capital Management LP raised its holdings in shares of Coupang by 26.3% during the 2nd quarter. Dorsal Capital Management LP now owns 6,000,000 shares of the company's stock valued at $125,700,000 after buying an additional 1,250,000 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

CPNG has been the subject of several recent research reports. Sanford C. Bernstein raised shares of Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 price objective for the company in a research report on Monday, October 7th. Citigroup cut their target price on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Coupang has an average rating of "Moderate Buy" and an average price target of $27.56.

Coupang Stock Down 1.1 %

Shares of CPNG stock traded down $0.24 during trading on Friday, hitting $22.09. 5,495,026 shares of the company were exchanged, compared to its average volume of 5,054,672. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91. 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 firm has a market capitalization of $39.73 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 34.64 and a beta of 1.10. The business's 50-day simple moving average is $23.46 and its 200 day simple moving average is $23.30.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly 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. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm's revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 EPS. As a group, analysts forecast that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

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.