Prospect Financial Services LLC Has $319,000 Stake in Coupang, Inc. (NYSE:CPNG)

Prospect Financial Services LLC lifted its position in Coupang, Inc. (NYSE:CPNG – Free Report) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,535 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Prospect Financial Services LLC’s holdings in Coupang were worth $319,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CPNG. Choreo LLC raised its stake in shares of Coupang by 6.3% in the fourth quarter. Choreo LLC now owns 212,149 shares of the company’s stock valued at $4,714,000 after purchasing an additional 12,485 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in Coupang in the fourth quarter valued at $2,115,000. Advisory Resource Group grew its position in Coupang by 5.1% in the fourth quarter. Advisory Resource Group now owns 46,354 shares of the company’s stock valued at $1,019,000 after acquiring an additional 2,258 shares during the period. Empowered Funds LLC bought a new stake in Coupang in the fourth quarter valued at $772,000. Finally, Coronation Fund Managers Ltd. grew its position in Coupang by 53.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock valued at $162,292,000 after acquiring an additional 2,566,581 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPNG has been the topic of a number of analyst reports. Mizuho upgraded Coupang to a “hold” rating in a research report on Friday, April 18th. Barclays upped their price target on Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

Read Our Latest Analysis on CPNG

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 9,347 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the transaction, the vice president now owns 177,106 shares in the company, valued at $4,223,978.10. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the transaction, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This represents a 12.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,709,697 shares of company stock worth $791,138,311. Insiders own 12.78% of the company’s stock.

Coupang Price Performance

Shares of CPNG stock opened at $28.52 on Friday. The stock’s fifty day moving average is $24.37 and its 200-day moving average is $23.73. 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 stock has a market capitalization of $51.78 billion, a PE ratio of 50.04, a PEG ratio of 52.20 and a beta of 1.15. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $28.88.

Coupang (NYSE:CPNG – Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Coupang Company Profile

(Free Report)

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.

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