Quest Partners LLC Takes $370,000 Position in Coupang, Inc. (NYSE:CPNG)

Quest Partners LLC acquired a new position in Coupang, Inc. (NYSE:CPNG) in the third quarter, HoldingsChannel.com reports. The firm acquired 15,085 shares of the company’s stock, valued at approximately $370,000.

Several other hedge funds have also recently modified their holdings of the business. Asset Dedication LLC grew its stake in shares of Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after acquiring an additional 990 shares during the period. Van ECK Associates Corp raised its stake in 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 buying an additional 484 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Coupang by 308.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after buying an additional 1,470 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Coupang by 330.4% in 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. Finally, Signaturefd LLC grew its holdings in shares of Coupang by 438.9% in the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after acquiring an additional 1,931 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Up 1.3 %

Shares of CPNG opened at $24.32 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $24.99 and a 200 day moving average of $22.95. The company has a market cap of $43.75 billion, a PE ratio of 42.67, a P/E/G ratio of 216.02 and a beta of 1.10. Coupang, Inc. has a 52-week low of $13.51 and a 52-week 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, topping the consensus estimate of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. During the same quarter last year, the business earned $0.05 EPS. The business’s revenue was up 27.2% on a year-over-year basis. On average, sell-side analysts expect that Coupang, Inc. will post 0.11 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Monday, October 7th. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and increased their price target for the stock from $18.00 to $31.00 in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Coupang has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

Insiders Place Their Bets

In other Coupang news, Director Greenoaks Capital Partners Llc bought 687,700 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the completion of the transaction, the director now owns 52,726,423 shares in the company, valued at $1,269,652,265.84. This trade represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at approximately $45,940,000. The trade was a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by insiders.

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.