Brooklands Fund Management Ltd Makes New $40.10 Million Investment in Coupang, Inc. $CPNG

Brooklands Fund Management Ltd acquired a new position in shares of Coupang, Inc. (NYSE:CPNG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,700,000 shares of the company’s stock, valued at approximately $40,103,000. Coupang comprises approximately 5.2% of Brooklands Fund Management Ltd’s investment portfolio, making the stock its 4th biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Dodge & Cox raised its stake in Coupang by 4.9% during the fourth quarter. Dodge & Cox now owns 49,233,320 shares of the company’s stock worth $1,161,414,000 after acquiring an additional 2,285,600 shares in the last quarter. Capital International Investors increased its stake in shares of Coupang by 20.4% in the fourth quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock valued at $970,340,000 after buying an additional 6,977,942 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Coupang by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock valued at $697,029,000 after buying an additional 951,812 shares in the last quarter. Durable Capital Partners LP increased its stake in shares of Coupang by 0.4% in the third quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock valued at $799,629,000 after buying an additional 89,207 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Coupang by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 24,327,724 shares of the company’s stock valued at $574,068,000 after buying an additional 1,689,293 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CPNG shares. Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a research note on Monday, March 2nd. UBS Group set a $25.00 target price on Coupang in a research note on Thursday, February 19th. Mizuho lowered their target price on Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Nomura lowered their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Finally, Barclays raised their target price on Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.65.

Coupang Price Performance

Coupang stock opened at $17.15 on Tuesday. The business’s 50-day simple moving average is $17.98 and its 200 day simple moving average is $20.04. The stock has a market cap of $30.78 billion, a price-to-earnings ratio of -190.48 and a beta of 1.13. Coupang, Inc. has a 12-month low of $14.92 and a 12-month high of $34.08. 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 (NYSE:CPNG) last posted its quarterly earnings results 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). The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate 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 was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS. As a group, research analysts anticipate that Coupang, Inc. will post -0.17 earnings per share for the current 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.