Mount Yale Investment Advisors LLC Decreases Stock Position in Coupang, Inc. (NYSE:CPNG)

Mount Yale Investment Advisors LLC trimmed its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,283 shares of the company's stock after selling 14,040 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Coupang were worth $1,479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPNG. FMR LLC lifted its holdings in shares of Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company's stock worth $666,621,000 after buying an additional 6,584,910 shares in the last quarter. Coronation Fund Managers Ltd. grew its position in shares of Coupang by 139.1% during the third quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company's stock valued at $118,258,000 after purchasing an additional 2,802,325 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Coupang by 43.2% in 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 during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Coupang by 762.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company's stock valued at $68,710,000 after buying an additional 2,474,175 shares during the last quarter. Finally, Fred Alger Management LLC purchased a new position in Coupang during the 3rd quarter valued at approximately $29,184,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at approximately $45,940,000. This represents a 88.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the business's stock in a transaction dated Monday, November 11th. The stock was acquired at an average price of $24.08 per share, for a total transaction of $16,559,816.00. Following the purchase, the director now directly owns 52,726,423 shares of the company's stock, valued at approximately $1,269,652,265.84. This trade represents a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 13.60% of the stock is owned by company insiders.

Coupang Stock Down 0.3 %

Shares of NYSE:CPNG traded down $0.06 on Friday, reaching $23.54. The company had a trading volume of 7,825,339 shares, compared to its average volume of 6,060,051. The firm's 50 day simple moving average is $23.11 and its 200-day simple moving average is $23.36. Coupang, Inc. has a 52-week low of $13.51 and a 52-week 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 capitalization of $42.35 billion, a PE ratio of 41.30, a PEG ratio of 41.66 and a beta of 1.10.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. The firm had revenue of $7.87 billion for 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 company's quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. As a group, analysts expect that Coupang, Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CPNG. Sanford C. Bernstein raised shares of Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 target price for the company in a report on Monday, October 7th. Citigroup dropped their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Coupang currently has a consensus rating of "Moderate Buy" and an average price target 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.