Coupang, Inc. (NYSE:CPNG) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp boosted its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 22.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 563,420 shares of the company's stock after acquiring an additional 103,167 shares during the period. Stifel Financial Corp's holdings in Coupang were worth $13,832,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CPNG. FMR LLC boosted its holdings in shares of Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company's stock valued at $666,621,000 after purchasing an additional 6,584,910 shares during the last quarter. Coronation Fund Managers Ltd. boosted its stake in 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 buying an additional 2,802,325 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Coupang by 1.6% during the 2nd quarter. Baillie Gifford & Co. now owns 171,350,025 shares of the company's stock valued at $3,589,783,000 after acquiring an additional 2,749,027 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position 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 purchasing an additional 2,474,175 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Coupang by 2,570.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,049,227 shares of the company's stock worth $42,931,000 after buying an additional 1,972,476 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CPNG shares. Sanford C. Bernstein raised shares of Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 price target for the company in a report on Monday, October 7th. CLSA upgraded Coupang from a "hold" rating to an "outperform" rating and lifted their target price for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $27.56.

Coupang Stock Up 0.5 %

Shares of CPNG stock traded up $0.13 during mid-day trading on Wednesday, hitting $23.85. The stock had a trading volume of 2,464,892 shares, compared to its average volume of 9,664,318. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The firm's 50-day moving average is $24.99 and its two-hundred day moving average is $23.12. The firm has a market capitalization of $42.90 billion, a P/E ratio of 41.61, a price-to-earnings-growth ratio of 215.12 and a beta of 1.07.

Coupang (NYSE:CPNG - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $7.87 billion for the quarter, compared to analysts' expectations of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business's revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. On average, analysts predict that Coupang, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Coupang

In related news, CEO Bom Kim sold 15,000,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $45,940,000. This represents a 88.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the acquisition, the director now owns 52,726,423 shares of the company's stock, valued at approximately $1,269,652,265.84. This represents a 1.32 % increase in their position. The disclosure for this purchase can be found here. 13.60% of the stock is owned by insiders.

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.