Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Position in Coupang, Inc. $CPNG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Coupang, Inc. (NYSE:CPNG) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 317,888 shares of the company’s stock after selling 72,709 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Coupang were worth $7,499,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in shares of Coupang in the 3rd quarter worth approximately $26,000. Fifth Third Bancorp boosted its stake in shares of Coupang by 1,250.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after buying an additional 1,000 shares during the last quarter. Colonial Trust Advisors purchased a new position in shares of Coupang in the 3rd quarter worth approximately $48,000. Cornerstone Planning Group LLC boosted its stake in shares of Coupang by 151.1% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,554 shares of the company’s stock worth $50,000 after buying an additional 935 shares during the last quarter. Finally, LGT Financial Advisors LLC purchased a new position in shares of Coupang in the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In other news, Director Neil Mehta purchased 3,000,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of $18.68 per share, with a total value of $56,040,000.00. Following the completion of the acquisition, the director owned 52,978,114 shares in the company, valued at $989,631,169.52. This trade represents a 6.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have acquired 7,350,104 shares of company stock worth $136,566,051. 12.83% of the stock is owned by insiders.

Coupang Trading Up 0.5%

Shares of Coupang stock opened at $16.71 on Wednesday. Coupang, Inc. has a 12-month low of $15.03 and a 12-month high of $34.08. The company has a market cap of $29.99 billion, a price-to-earnings ratio of -185.59 and a beta of 1.12. 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 company’s 50-day moving average price is $18.47 and its 200-day moving average price is $20.85.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.48 billion. During the same period in the prior year, the firm posted $0.06 EPS. Coupang’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Coupang, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

CPNG has been the topic of a number of research analyst reports. Morgan Stanley cut their target price on Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Wall Street Zen downgraded Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Nomura dropped their price objective on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Mizuho decreased their target price on Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft cut Coupang from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.92.

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.