RFG Advisory LLC Acquires 4,939 Shares of Coupang, Inc. $CPNG

RFG Advisory LLC lifted its holdings in Coupang, Inc. (NYSE:CPNG) by 16.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 34,465 shares of the company’s stock after buying an additional 4,939 shares during the period. RFG Advisory LLC’s holdings in Coupang were worth $1,033,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Albion Financial Group UT bought a new position in shares of Coupang in the 2nd quarter worth about $30,000. SVB Wealth LLC bought a new position in shares of Coupang in the 1st quarter worth about $28,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Coupang in the 1st quarter valued at about $30,000. Grove Bank & Trust bought a new stake in Coupang in the 1st quarter valued at about $33,000. Finally, Brooklyn Investment Group increased its position in Coupang by 43.1% in the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company’s stock valued at $37,000 after buying an additional 506 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Insider Transactions at Coupang

In other news, insider Harold Rogers sold 64,755 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $32.06, for a total value of $2,076,045.30. Following the transaction, the insider owned 449,569 shares in the company, valued at $14,413,182.14. The trade was a 12.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Sun sold 815,797 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $31.88, for a total value of $26,007,608.36. Following the completion of the transaction, the director owned 503,624 shares in the company, valued at $16,055,533.12. The trade was a 61.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 988,983 shares of company stock worth $31,203,966. 12.78% of the stock is owned by insiders.

Analyst Ratings Changes

CPNG has been the subject of a number of research analyst reports. Wall Street Zen lowered Coupang from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Arete initiated coverage on Coupang in a research report on Thursday, September 18th. They issued a “buy” rating and a $40.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered Coupang from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research report on Wednesday, August 6th. Morgan Stanley boosted their target price on Coupang from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Finally, Arete Research assumed coverage on Coupang in a research report on Thursday, September 18th. They issued a “buy” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Coupang presently has an average rating of “Moderate Buy” and an average target price of $33.50.

Coupang Price Performance

CPNG stock opened at $31.52 on Friday. The company has a market capitalization of $57.46 billion, a P/E ratio of 157.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. Coupang, Inc. has a 52-week low of $19.02 and a 52-week high of $34.08. The business has a 50-day simple moving average of $30.72 and a two-hundred day simple moving average of $28.18.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.34 billion. Coupang had a net margin of 1.13% and a return on equity of 7.47%. Coupang’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. Research analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

About Coupang

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.