Harbour Capital Advisors LLC Raises Stock Holdings in Coupang, Inc. (NYSE:CPNG)

Harbour Capital Advisors LLC raised its stake in shares of Coupang, Inc. (NYSE:CPNG) by 21.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,650 shares of the company’s stock after purchasing an additional 4,975 shares during the period. Harbour Capital Advisors LLC’s holdings in Coupang were worth $642,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CPNG. Van ECK Associates Corp boosted its position in shares of Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after acquiring an additional 484 shares during the last quarter. Covestor Ltd increased its stake in Coupang by 10.4% during the third quarter. Covestor Ltd now owns 6,479 shares of the company’s stock worth $159,000 after purchasing an additional 612 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Coupang by 2.2% in the third quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock valued at $850,000 after purchasing an additional 747 shares in the last quarter. Advisory Resource Group lifted its holdings in Coupang by 1.9% during the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock worth $1,083,000 after buying an additional 823 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Coupang by 15.4% in the 2nd quarter. National Bank of Canada FI now owns 6,687 shares of the company’s stock valued at $141,000 after purchasing an additional 890 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 750,000 shares of Coupang stock in a transaction on Friday, November 8th. The shares were acquired at an average price of $24.01 per share, with a total value of $18,007,500.00. Following the transaction, the director now directly owns 52,038,723 shares in the company, valued at $1,249,449,739.23. This trade represents a 1.46 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 13.60% of the company’s stock.

Coupang Price Performance

Shares of CPNG stock traded up $0.39 during trading hours on Monday, hitting $21.73. The company’s stock had a trading volume of 3,343,021 shares, compared to its average volume of 6,453,754. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $23.77 and a 200-day moving average of $23.27. The stock has a market cap of $39.09 billion, a price-to-earnings ratio of 38.12, a P/E/G ratio of 215.03 and a beta of 1.10. Coupang, Inc. has a twelve month low of $13.51 and a twelve month high of $26.91.

Coupang (NYSE:CPNG) last released its 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. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. As a group, equities research analysts anticipate that Coupang, Inc. will post 0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup decreased their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

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.