Coupang, Inc. $CPNG Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 2,525.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,411,020 shares of the company’s stock after purchasing an additional 1,357,273 shares during the period. Barclays PLC’s holdings in Coupang were worth $45,435,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Coupang in the third quarter valued at about $32,000. Hilltop National Bank bought a new stake in shares of Coupang in the 3rd quarter valued at approximately $34,000. Fifth Third Bancorp raised its position in shares of Coupang by 1,250.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Coupang during the 3rd quarter valued at approximately $40,000. Finally, Loomis Sayles & Co. L P bought a new position in Coupang during the second quarter worth $45,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Stock Performance

CPNG stock opened at $18.83 on Tuesday. Coupang, Inc. has a 1 year low of $16.74 and a 1 year high of $34.08. The stock has a market capitalization of $34.39 billion, a price-to-earnings ratio of 156.89 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.04. The stock’s fifty day moving average is $19.98 and its two-hundred day moving average is $25.99.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same quarter in the prior year, the company posted $0.04 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. On average, research analysts predict that Coupang, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on CPNG shares. Weiss Ratings lowered shares of Coupang from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Barclays raised their price target on shares of Coupang from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. UBS Group set a $25.00 price target on shares of Coupang in a report on Thursday, February 19th. Mizuho lowered their price objective on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Finally, Morgan Stanley dropped their price objective on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.70.

Insider Transactions at Coupang

In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $23.62, for a total value of $63,277.98. Following the completion of the transaction, the chief accounting officer owned 122,096 shares in the company, valued at approximately $2,883,907.52. This represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.78% of the stock is owned by insiders.

Coupang Company Profile

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.