Coupang, Inc. $CPNG Shares Purchased by Leibman Financial Services Inc.

Leibman Financial Services Inc. increased its holdings in Coupang, Inc. (NYSE:CPNG) by 104.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,833 shares of the company’s stock after buying an additional 37,268 shares during the quarter. Leibman Financial Services Inc.’s holdings in Coupang were worth $1,718,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Saranac Partners Ltd purchased a new stake in shares of Coupang in the 3rd quarter valued at $346,000. CIBC Private Wealth Group LLC raised its holdings in shares of Coupang by 13.4% during the third quarter. CIBC Private Wealth Group LLC now owns 59,908 shares of the company’s stock worth $1,929,000 after purchasing an additional 7,073 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Coupang during the third quarter valued at $6,838,000. Sunbelt Securities Inc. purchased a new stake in Coupang in the third quarter valued at $26,000. Finally, Coldstream Capital Management Inc. boosted its holdings in Coupang by 10.8% in the third quarter. Coldstream Capital Management Inc. now owns 16,836 shares of the company’s stock valued at $542,000 after purchasing an additional 1,641 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Trading Down 3.9%

Shares of Coupang stock opened at $19.32 on Friday. The firm has a 50-day simple moving average of $19.35 and a two-hundred day simple moving average of $25.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.04. Coupang, Inc. has a fifty-two week low of $16.74 and a fifty-two week high of $34.08. The company has a market cap of $35.28 billion, a P/E ratio of 160.97 and a beta of 1.20.

Coupang (NYSE:CPNG) last posted its earnings results on Thursday, February 26th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Coupang had a net margin of 0.60% and a return on equity of 4.52%. The business had revenue of $8.84 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same quarter last year, the business earned $0.04 earnings per share. Coupang’s revenue was up 10.9% on a year-over-year basis. As a group, equities analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CPNG shares. UBS Group set a $25.00 price objective on Coupang in a research note on Thursday, February 19th. Barclays upped their target price on Coupang from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Morgan Stanley reduced their price target on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Finally, Mizuho lowered their price objective on Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Coupang presently has a consensus rating of “Hold” and an average target price of $26.70.

Insider Buying and Selling

In other Coupang news, Director Neil Mehta bought 3,000,000 shares of Coupang stock in a transaction dated Thursday, March 12th. The stock was acquired at an average cost of $18.68 per share, with a total value of $56,040,000.00. Following the purchase, the director directly owned 52,978,114 shares in the company, valued at $989,631,169.52. This represents a 6.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jonathan D. Lee sold 2,679 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $23.62, for a total value of $63,277.98. Following the transaction, the chief accounting officer owned 122,096 shares in the company, valued at $2,883,907.52. This trade represents a 2.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have acquired 7,350,104 shares of company stock worth $136,566,051 in the last quarter. 12.78% of the stock is currently owned by company insiders.

About Coupang

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.