Tempus Wealth Planning LLC Invests $320,000 in Coupang, Inc. (NYSE:CPNG)

Tempus Wealth Planning LLC acquired a new position in Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 14,562 shares of the company's stock, valued at approximately $320,000.

Other hedge funds have also bought and sold shares of the company. Allen Capital Group LLC raised its position in Coupang by 29.8% in the fourth quarter. Allen Capital Group LLC now owns 17,923 shares of the company's stock worth $394,000 after acquiring an additional 4,112 shares during the period. Prospect Financial Services LLC increased its stake in shares of Coupang by 51.8% in the 4th quarter. Prospect Financial Services LLC now owns 13,635 shares of the company's stock worth $300,000 after purchasing an additional 4,650 shares in the last quarter. Matthews International Capital Management LLC raised its holdings in Coupang by 1,278.4% in the 4th quarter. Matthews International Capital Management LLC now owns 692,388 shares of the company's stock worth $15,219,000 after purchasing an additional 642,158 shares during the period. Parsons Capital Management Inc. RI lifted its position in Coupang by 1.1% during the fourth quarter. Parsons Capital Management Inc. RI now owns 149,744 shares of the company's stock valued at $3,291,000 after purchasing an additional 1,606 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Coupang by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock valued at $253,000 after purchasing an additional 452 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Trading Down 0.9 %

Shares of NYSE:CPNG traded down $0.21 during trading on Friday, hitting $23.65. The company had a trading volume of 8,399,807 shares, compared to its average volume of 5,871,385. The stock has a market cap of $42.54 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 43.21 and a beta of 1.11. 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 company has a fifty day simple moving average of $22.94 and a two-hundred day simple moving average of $23.48. Coupang, Inc. has a one year low of $14.10 and a one year high of $26.91.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm had revenue of $7.87 billion for the quarter, compared to analysts' expectations of $7.76 billion. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The company's quarterly revenue was up 27.2% on a year-over-year basis. As a group, equities analysts forecast that Coupang, Inc. will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In other Coupang news, Director Greenoaks Capital Partners Llc bought 687,700 shares of the company's stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the acquisition, the director now directly owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. The trade was a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the transaction, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,009,234 shares of company stock worth $344,761,515 over the last quarter. Company insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report 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 company. Based on data from MarketBeat, Coupang has a consensus 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.