229,967 Shares in Coupang, Inc. (NYSE:CPNG) Purchased by Tidal Investments LLC

Tidal Investments LLC purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 229,967 shares of the company's stock, valued at approximately $5,646,000.

Several other large investors have also recently added to or reduced their stakes in CPNG. Brooklyn Investment Group bought a new position in shares of Coupang during the third quarter valued at approximately $28,000. Asset Dedication LLC grew its stake in Coupang by 438.1% during the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company's stock worth $30,000 after buying an additional 990 shares during the last quarter. Van ECK Associates Corp grew its stake in Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock worth $32,000 after buying an additional 484 shares during the last quarter. Wolff Wiese Magana LLC increased its position in Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company's stock worth $41,000 after buying an additional 1,295 shares during the period. Finally, Signaturefd LLC lifted its stake in Coupang by 438.9% in the third quarter. Signaturefd LLC now owns 2,371 shares of the company's stock valued at $58,000 after buying an additional 1,931 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coupang

In other news, Director Greenoaks Capital Partners Llc bought 687,700 shares of the company's stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost 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 approximately $1,269,652,265.84. The trade was a 1.32 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bom Kim sold 15,000,000 shares of the business'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 transaction of $344,550,000.00. Following the sale, the chief executive officer now owns 2,000,000 shares in the company, valued at $45,940,000. This represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

Coupang Price Performance

Shares of Coupang stock traded down $0.43 on Friday, hitting $23.89. The company had a trading volume of 6,092,863 shares, compared to its average volume of 9,658,216. Coupang, Inc. has a 52 week low of $13.51 and a 52 week 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 company has a market cap of $42.97 billion, a PE ratio of 41.91, a PEG ratio of 215.03 and a beta of 1.07. The business has a 50-day simple moving average of $24.97 and a 200-day simple moving average of $23.15.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (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 during the quarter, compared to analyst estimates of $7.76 billion. During the same period last year, the company posted $0.05 EPS. The firm's quarterly revenue was up 27.2% on a year-over-year basis. Research analysts expect that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on CPNG shares. Sanford C. Bernstein upgraded shares of Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 price target for the company in a research report on Monday, October 7th. CLSA upgraded shares of Coupang from a "hold" rating to an "outperform" rating and raised their price target for the company from $18.00 to $31.00 in a research note 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. According to MarketBeat, the stock presently has an average 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.