Coupang, Inc. (NYSE:CPNG) Stock Holdings Lessened by Paradigm Financial Partners LLC

Paradigm Financial Partners LLC reduced its stake in shares of Coupang, Inc. (NYSE:CPNG) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 302,449 shares of the company’s stock after selling 1,861 shares during the quarter. Coupang makes up approximately 1.2% of Paradigm Financial Partners LLC’s portfolio, making the stock its 21st largest position. Paradigm Financial Partners LLC’s holdings in Coupang were worth $4,897,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Headinvest LLC bought a new position in shares of Coupang in the third quarter valued at about $29,000. NBC Securities Inc. acquired a new position in shares of Coupang in the third quarter valued at approximately $51,000. Deuterium Capital Management LLC acquired a new stake in shares of Coupang during the third quarter worth $170,000. Orion Portfolio Solutions LLC bought a new stake in Coupang in the 3rd quarter valued at $172,000. Finally, Resonant Capital Advisors LLC acquired a new position in Coupang in the 3rd quarter worth $173,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Stock Performance

Shares of CPNG stock traded down $0.12 on Friday, reaching $22.91. The stock had a trading volume of 10,401,844 shares, compared to its average volume of 15,581,178. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $23.40. The firm has a market capitalization of $41.08 billion, a price-to-earnings ratio of 30.55 and a beta of 1.32. The firm’s 50-day moving average is $18.98 and its two-hundred day moving average is $16.99. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.13.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the company earned $0.06 earnings per share. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, research analysts expect that Coupang, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Coupang

In other news, insider Harold Rogers sold 139,080 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the sale, the insider now owns 394,192 shares in the company, valued at approximately $7,194,004. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Coupang news, insider Pranam Kolari sold 2,356 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $13.88, for a total value of $32,701.28. Following the transaction, the insider now directly owns 182,844 shares of the company’s stock, valued at approximately $2,537,874.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Harold Rogers sold 139,080 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the transaction, the insider now owns 394,192 shares in the company, valued at approximately $7,194,004. The disclosure for this sale can be found here. Insiders sold 33,355,590 shares of company stock valued at $633,443,979 in the last quarter. 14.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CPNG shares. Citigroup raised Coupang from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $19.00 to $26.00 in a research report on Monday, April 15th. Barclays boosted their price target on shares of Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.50 to $21.00 in a report on Thursday, February 29th. Finally, TheStreet raised Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.42.

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.