Coupang, Inc. $CPNG Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Coupang, Inc. (NYSE:CPNG) by 140.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,482,212 shares of the company’s stock after purchasing an additional 865,386 shares during the period. Hsbc Holdings PLC’s holdings in Coupang were worth $35,154,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CPNG. Sunbelt Securities Inc. acquired a new position in Coupang during the 3rd quarter worth $26,000. Reflection Asset Management acquired a new stake in Coupang in the fourth quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new position in Coupang in the 4th quarter valued at about $42,000. EFG International AG acquired a new position in Coupang during the 4th quarter valued at about $44,000. Finally, Osbon Capital Management LLC acquired a new position in Coupang during the 4th quarter valued at about $45,000. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

Shares of CPNG stock opened at $19.38 on Tuesday. The company has a market capitalization of $34.79 billion, a price-to-earnings ratio of -215.32 and a beta of 1.11. Coupang, Inc. has a 1-year low of $14.92 and a 1-year high of $34.08. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $17.26 and its 200-day simple moving average is $19.14.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.48 billion. Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. Coupang’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. On average, sell-side analysts predict that Coupang, Inc. will post -0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

CPNG has been the topic of a number of research reports. Citigroup downgraded Coupang from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $22.20 in a research note on Wednesday, May 6th. Barclays boosted their target price on shares of Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. Bank of America decreased their target price on Coupang from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Finally, CLSA started coverage on Coupang in a report on Monday, June 15th. They set an “outperform” rating and a $24.00 target price for the company. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.65.

Coupang 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.