Capital International Investors Increases Position in Coupang, Inc. $CPNG

Capital International Investors increased its stake in shares of Coupang, Inc. (NYSE:CPNG) by 20.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,131,036 shares of the company’s stock after buying an additional 6,977,942 shares during the quarter. Capital International Investors’ holdings in Coupang were worth $970,340,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of Coupang by 0.5% in the third quarter. California State Teachers Retirement System now owns 78,679 shares of the company’s stock valued at $2,533,000 after purchasing an additional 361 shares during the period. Level Four Advisory Services LLC increased its stake in shares of Coupang by 2.2% during the third quarter. Level Four Advisory Services LLC now owns 20,916 shares of the company’s stock worth $673,000 after purchasing an additional 441 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Coupang by 19.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,651 shares of the company’s stock valued at $86,000 after acquiring an additional 597 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Coupang by 6.6% during the third quarter. National Bank of Canada FI now owns 9,801 shares of the company’s stock valued at $316,000 after acquiring an additional 609 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Coupang by 9.5% during the fourth quarter. Assetmark Inc. now owns 7,150 shares of the company’s stock valued at $169,000 after acquiring an additional 620 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Coupang

In other news, Director Neil Mehta bought 3,000,000 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director owned 52,978,114 shares in the company, valued at approximately $989,631,169.52. The trade was a 6.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders bought 7,350,104 shares of company stock worth $136,566,051. 12.83% of the stock is currently owned by corporate insiders.

Coupang Stock Up 1.4%

Shares of NYSE CPNG opened at $15.36 on Monday. The firm has a market cap of $27.56 billion, a price-to-earnings ratio of -170.59 and a beta of 1.13. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. Coupang, Inc. has a 52-week low of $15.03 and a 52-week high of $34.08. The business’s 50 day moving average is $18.26 and its two-hundred day moving average is $20.51.

Coupang (NYSE:CPNG) last announced 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). The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.48 billion. Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. Research analysts predict that Coupang, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

CPNG has been the topic of a number of research reports. Barclays raised their price objective on Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings lowered Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Nomura decreased their price objective on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Mizuho lowered their price target on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Morgan Stanley lowered their price target on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.