Mesirow Financial Investment Management Inc. Buys 2,406 Shares of Coupang, Inc. (NYSE:CPNG)

Mesirow Financial Investment Management Inc. raised its stake in shares of Coupang, Inc. (NYSE:CPNG) by 22.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,271 shares of the company’s stock after purchasing an additional 2,406 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Coupang were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CPNG. California State Teachers Retirement System increased its position in Coupang by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 85,489 shares of the company’s stock worth $1,879,000 after buying an additional 445 shares during the period. Virtus ETF Advisers LLC grew its position in Coupang by 1.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company’s stock worth $975,000 after purchasing an additional 466 shares during the last quarter. Resonant Capital Advisors LLC raised its position in shares of Coupang by 4.2% during the first quarter. Resonant Capital Advisors LLC now owns 11,768 shares of the company’s stock valued at $258,000 after buying an additional 476 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Coupang by 8.6% in the fourth quarter. National Bank of Canada FI now owns 6,944 shares of the company’s stock valued at $153,000 after buying an additional 548 shares during the period. Finally, Snowden Capital Advisors LLC grew its position in Coupang by 1.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 49,908 shares of the company’s stock worth $1,097,000 after buying an additional 603 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CPNG. Barclays lifted their price objective on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Mizuho raised shares of Coupang to a “hold” rating in a report on Friday, April 18th. Finally, Wall Street Zen lowered shares of Coupang from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.08.

Insider Buying and Selling

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $25.75, for a total transaction of $772,500,000.00. Following the transaction, the insider owned 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. This trade represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gaurav Anand sold 175,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $28.11, for a total value of $4,919,250.00. Following the completion of the sale, the chief financial officer directly owned 2,092,290 shares of the company’s stock, valued at approximately $58,814,271.90. This trade represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,450,350 shares of company stock worth $1,067,557,885. Corporate insiders own 12.78% of the company’s stock.

Coupang Stock Down 2.3%

Shares of NYSE:CPNG opened at $28.75 on Friday. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $31.65. The firm has a market cap of $52.20 billion, a P/E ratio of 205.36 and a beta of 1.16. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $29.39 and its two-hundred day moving average price is $25.51.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 0.82% and a return on equity of 10.07%. The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, research analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

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.