Coupang, Inc. $CPNG Stock Holdings Raised by Dragoneer Investment Group LLC

Dragoneer Investment Group LLC raised its position in shares of Coupang, Inc. (NYSE:CPNG) by 47.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,576,556 shares of the company’s stock after purchasing an additional 6,910,865 shares during the period. Coupang makes up approximately 11.1% of Dragoneer Investment Group LLC’s holdings, making the stock its largest holding. Dragoneer Investment Group LLC owned approximately 1.18% of Coupang worth $508,991,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Dodge & Cox raised its position in Coupang by 4.9% during the fourth quarter. Dodge & Cox now owns 49,233,320 shares of the company’s stock valued at $1,161,414,000 after purchasing an additional 2,285,600 shares in the last quarter. Capital International Investors raised its position in Coupang by 20.4% during the fourth quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock valued at $970,340,000 after purchasing an additional 6,977,942 shares in the last quarter. Vanguard Group Inc. raised its position in Coupang by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock valued at $697,029,000 after purchasing an additional 951,812 shares in the last quarter. Durable Capital Partners LP raised its position in Coupang by 0.4% during the third quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock valued at $799,629,000 after purchasing an additional 89,207 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Coupang by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 24,327,724 shares of the company’s stock valued at $574,068,000 after purchasing an additional 1,689,293 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Up 5.1%

Shares of NYSE:CPNG opened at $18.00 on Wednesday. The stock’s 50-day moving average price is $17.96 and its 200-day moving average price is $19.97. Coupang, Inc. has a 12-month low of $14.92 and a 12-month high of $34.08. The stock has a market capitalization of $32.32 billion, a P/E ratio of -200.01 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.

Coupang (NYSE:CPNG) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $8.48 billion. During the same period last year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Coupang, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CPNG. CLSA began coverage on Coupang in a research report on Monday. They set an “outperform” rating and a $24.00 price target on the stock. Citigroup downgraded Coupang from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.20 in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft downgraded 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. Weiss Ratings cut Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Nomura reduced 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. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.65.

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.