Coupang, Inc. (NYSE:CPNG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 22.3% in the third quarter, Holdings Channel reports. The firm owned 759,286 shares of the company’s stock after acquiring an additional 138,416 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Coupang were worth $18,640,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Asset Dedication LLC boosted its holdings in Coupang by 438.1% in the 3rd 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 boosted its stake in shares of 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 purchasing an additional 484 shares during the period. Wolff Wiese Magana LLC grew its holdings in Coupang by 330.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after purchasing an additional 1,295 shares in the last quarter. GAMMA Investing LLC increased its stake in Coupang by 308.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after buying an additional 1,470 shares during the period. Finally, Signaturefd LLC lifted its holdings in Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after buying an additional 1,931 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Down 0.6 %

NYSE:CPNG opened at $23.90 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company has a market capitalization of $42.98 billion, a price-to-earnings ratio of 42.16, a price-to-earnings-growth ratio of 215.30 and a beta of 1.07. Coupang, Inc. has a one year low of $13.51 and a one year high of $26.91. The stock has a 50-day simple moving average of $25.04 and a 200 day simple moving average of $23.09.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business’s revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. Sell-side analysts predict that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coupang news, Director Greenoaks Capital Partners Llc bought 687,700 shares of the business’s stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now directly owns 52,726,423 shares of the company’s stock, valued at approximately $1,269,652,265.84. The trade was a 1.32 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was 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 owns 2,000,000 shares in the company, valued at $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 currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and raised their target price for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, October 7th. One research 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, Coupang presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

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.