100,000 Shares in Coupang, Inc. $CPNG Purchased by GM Advisory Group LLC

GM Advisory Group LLC purchased a new stake in Coupang, Inc. (NYSE:CPNG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company’s stock, valued at approximately $1,888,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Coupang by 3.3% in the 4th 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 during the last quarter. Ethic Inc. grew its stake in shares of Coupang by 383.2% in the 4th quarter. Ethic Inc. now owns 126,154 shares of the company’s stock worth $2,976,000 after acquiring an additional 100,047 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Coupang by 333.6% in the third quarter. Bank of Nova Scotia now owns 879,000 shares of the company’s stock valued at $28,304,000 after purchasing an additional 676,300 shares during the last quarter. Gavilan Investment Partners LLC raised its holdings in shares of Coupang by 9.5% in the third quarter. Gavilan Investment Partners LLC now owns 1,265,000 shares of the company’s stock valued at $40,733,000 after purchasing an additional 110,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Down 0.1%

Shares of NYSE CPNG opened at $18.54 on Friday. Coupang, Inc. has a one year low of $14.92 and a one year high of $34.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.76. The business’s fifty day moving average price is $17.29 and its 200-day moving average price is $19.20. The stock has a market capitalization of $33.28 billion, a PE ratio of -205.99 and a beta of 1.11.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.48 billion. During the same period last year, the business posted $0.06 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Coupang, Inc. will post -0.25 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CPNG. Citigroup downgraded shares of Coupang from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $22.20 in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft lowered Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a report on Wednesday, May 6th. Wall Street Zen downgraded Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. Weiss Ratings lowered Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Barclays boosted their price objective on Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.65.

About Coupang

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.