Banque Cantonale Vaudoise Has $217,000 Position in Coupang, Inc. (NYSE:CPNG)

Banque Cantonale Vaudoise lowered its position in Coupang, Inc. (NYSE:CPNG) by 47.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,851 shares of the company’s stock after selling 8,152 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Coupang were worth $217,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC lifted its stake in Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after acquiring an additional 990 shares during the last quarter. Van ECK Associates Corp lifted its stake in Coupang by 63.1% in the third 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. Wolff Wiese Magana LLC lifted its stake in shares of Coupang by 330.4% during the 3rd 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 last quarter. GAMMA Investing LLC lifted its position in Coupang by 308.2% during the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after acquiring an additional 1,470 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Coupang by 438.9% during the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after purchasing an additional 1,931 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Trading Up 1.5 %

Shares of NYSE:CPNG opened at $24.36 on Friday. The business’s 50 day simple moving average is $24.99 and its 200 day simple moving average is $22.94. The company has a market capitalization of $43.81 billion, a P/E ratio of 42.73, a P/E/G ratio of 217.73 and a beta of 1.10. Coupang, Inc. has a 1 year low of $13.51 and a 1 year 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.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. On average, research analysts anticipate that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling at Coupang

In other news, Director Greenoaks Capital Partners Llc acquired 750,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $24.01 per share, with a total value of $18,007,500.00. Following the acquisition, the director now directly owns 52,038,723 shares in the company, valued at $1,249,449,739.23. The trade was a 1.46 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CPNG shares. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and increased their price objective for the stock from $18.00 to $31.00 in a research report on Wednesday, September 4th. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and an average target price 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.