ABN Amro Investment Solutions Lowers Stock Position in Coupang, Inc. $CPNG

ABN Amro Investment Solutions lessened its holdings in Coupang, Inc. (NYSE:CPNG) by 72.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,153 shares of the company’s stock after selling 88,930 shares during the quarter. ABN Amro Investment Solutions’ holdings in Coupang were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in Coupang in the 3rd quarter valued at approximately $26,000. Fifth Third Bancorp boosted its stake 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 worth $35,000 after acquiring an additional 1,000 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Coupang during the 3rd quarter worth approximately $40,000. Colonial Trust Advisors purchased a new stake in shares of Coupang during the 3rd quarter worth approximately $48,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Coupang by 151.1% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,554 shares of the company’s stock worth $50,000 after acquiring an additional 935 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Transactions at Coupang

In related news, Director Neil Mehta bought 2,332,863 shares of Coupang stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $18.40 per share, with a total value of $42,924,679.20. Following the purchase, the director owned 55,310,977 shares in the company, valued at $1,017,721,976.80. This represents a 4.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 7,350,104 shares of company stock valued at $136,566,051. 12.78% of the stock is currently owned by corporate insiders.

Coupang Price Performance

CPNG stock opened at $16.09 on Monday. Coupang, Inc. has a 1 year low of $15.03 and a 1 year high of $34.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.97. The stock’s 50 day moving average price is $18.88 and its 200 day moving average price is $21.41. The firm has a market cap of $28.88 billion, a P/E ratio of -178.72 and a beta of 1.20.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.48 billion. During the same period in the previous year, the company posted $0.06 EPS. Coupang’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts expect that Coupang, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup lowered Coupang from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $22.20 in a research note on Wednesday, May 6th. Morgan Stanley decreased their price target on Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft lowered Coupang from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research note on Wednesday, May 6th. Weiss Ratings lowered Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, UBS Group set a $25.00 price target on Coupang in a research note on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Coupang currently has an average rating of “Hold” and an average target price of $26.92.

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.