Oak Thistle LLC Makes New Investment in Coupang, Inc. (NYSE:CPNG)

Oak Thistle LLC purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 75,103 shares of the company's stock, valued at approximately $1,651,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Coupang in the 3rd quarter worth $28,000. Asset Dedication LLC grew its position in shares of Coupang by 438.1% in the third 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 period. Van ECK Associates Corp increased its stake in shares of Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock worth $32,000 after purchasing an additional 484 shares in the last quarter. Wolff Wiese Magana LLC raised its position in shares of Coupang by 330.4% during 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 last quarter. Finally, Signaturefd LLC lifted its stake in Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company's stock valued at $58,000 after buying an additional 1,931 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Insider Activity at Coupang

In other news, CEO Bom Kim sold 15,000,000 shares of the company's 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 directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the acquisition, the director now directly owns 52,726,423 shares in the company, valued at $1,269,652,265.84. The trade was a 1.32 % increase in their position. The disclosure for this purchase can be found here. 13.60% of the stock is currently owned by insiders.

Coupang Trading Up 1.8 %

NYSE:CPNG traded up $0.40 during trading hours on Wednesday, hitting $22.37. The company had a trading volume of 6,022,397 shares, compared to its average volume of 6,618,130. The company has a 50-day moving average of $23.59 and a 200 day moving average of $23.29. 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 company has a market cap of $40.24 billion, a P/E ratio of 39.25, a P/E/G ratio of 215.03 and a beta of 1.07. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $26.91.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.06 EPS 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 company had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. Coupang's quarterly revenue was up 27.2% compared to the same quarter last year. Sell-side analysts expect that Coupang, Inc. will post 0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CPNG. Sanford C. Bernstein raised 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 reduced their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average 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.