Arrowstreet Capital Limited Partnership Boosts Position in Coupang, Inc. $CPNG

Arrowstreet Capital Limited Partnership raised its position in Coupang, Inc. (NYSE:CPNG) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,374,174 shares of the company’s stock after acquiring an additional 593,937 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Coupang were worth $126,777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CPNG. Sunbelt Securities Inc. bought a new position in shares of Coupang in the 3rd quarter worth approximately $26,000. Fifth Third Bancorp lifted its position in Coupang by 1,250.0% during the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Colonial Trust Advisors purchased a new position in Coupang during the third quarter valued at $48,000. LGT Financial Advisors LLC bought a new stake in Coupang during the third quarter valued at about $52,000. Finally, Advisory Services Network LLC bought a new stake in Coupang during the third quarter valued at about $76,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPNG has been the topic of several recent research reports. Nomura decreased 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. Morgan Stanley reduced their target price on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft cut shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research note on Wednesday, May 6th. UBS Group set a $25.00 price target on shares of Coupang in a report on Thursday, February 19th. Finally, Weiss Ratings cut shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Coupang currently has an average rating of “Hold” and an average price target of $26.65.

Coupang Stock Up 1.9%

NYSE CPNG opened at $17.15 on Tuesday. Coupang, Inc. has a 12 month low of $14.92 and a 12 month 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 has a market cap of $30.78 billion, a PE ratio of -190.48 and a beta of 1.13. The stock’s 50 day moving average is $17.98 and its 200 day moving average is $20.04.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share (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 company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts predict that Coupang, Inc. will post -0.17 EPS for the current fiscal year.

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.