Leavell Investment Management Inc. Grows Stock Holdings in Coupang, Inc. $CPNG

Leavell Investment Management Inc. grew its stake in Coupang, Inc. (NYSE:CPNG) by 25.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,900 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Leavell Investment Management Inc.’s holdings in Coupang were worth $746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CPNG. Dodge & Cox increased its stake in shares of Coupang by 101.6% in the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock worth $894,413,000 after acquiring an additional 20,555,600 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Coupang during the 1st quarter worth approximately $168,127,000. Massachusetts Financial Services Co. MA lifted its holdings in Coupang by 436.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company’s stock valued at $190,497,000 after acquiring an additional 7,067,830 shares during the last quarter. Nuveen LLC acquired a new stake in Coupang during the first quarter worth $75,775,000. Finally, Altimeter Capital Management LP raised its position in Coupang by 24.3% in the first quarter. Altimeter Capital Management LP now owns 7,441,445 shares of the company’s stock valued at $163,191,000 after purchasing an additional 1,455,555 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In other news, insider Harold Rogers sold 64,755 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 449,569 shares of the company’s stock, valued at approximately $14,413,182.14. The trade was a 12.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin Sun sold 815,797 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $31.88, for a total value of $26,007,608.36. Following the completion of the sale, the director directly owned 503,624 shares of the company’s stock, valued at approximately $16,055,533.12. This trade represents a 61.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 988,983 shares of company stock valued at $31,203,966. Corporate insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CPNG shares. Nomura upgraded shares of Coupang from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, August 6th. Zacks Research lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Nomura Securities raised shares of Coupang to a “strong-buy” rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft lowered Coupang from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research note on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Coupang from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. One 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.50.

Coupang Price Performance

Coupang stock opened at $31.20 on Monday. Coupang, Inc. has a 12-month low of $19.02 and a 12-month high of $34.08. The stock has a market cap of $56.87 billion, a P/E ratio of 155.98 and a beta of 1.18. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $31.10 and a 200-day simple moving average of $28.72.

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

Coupang Company 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.