Coupang, Inc. $CPNG Shares Sold by Rubicon Global Capital Ltd

Rubicon Global Capital Ltd lessened its stake in Coupang, Inc. (NYSE:CPNG) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 893,390 shares of the company’s stock after selling 105,000 shares during the quarter. Coupang accounts for about 6.4% of Rubicon Global Capital Ltd’s holdings, making the stock its 4th biggest position. Rubicon Global Capital Ltd’s holdings in Coupang were worth $28,767,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CPNG. SVB Wealth LLC acquired a new position in shares of Coupang in the first quarter worth $28,000. Albion Financial Group UT purchased a new position in Coupang in the second quarter valued at about $30,000. Hilltop National Bank acquired a new position in Coupang in the 3rd quarter worth about $34,000. Loomis Sayles & Co. L P purchased a new stake in shares of Coupang during the 2nd quarter worth about $45,000. Finally, Hollencrest Capital Management raised its stake in shares of Coupang by 3,246.0% during the 2nd quarter. Hollencrest Capital Management now owns 1,673 shares of the company’s stock worth $50,000 after purchasing an additional 1,623 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 11,653 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $31.98, for a total value of $372,662.94. Following the sale, the vice president directly owned 147,023 shares of the company’s stock, valued at approximately $4,701,795.54. This trade represents a 7.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CPNG. Morgan Stanley reissued an “overweight” rating and issued a $31.00 price target on shares of Coupang in a research note on Sunday, December 14th. Mizuho boosted their target price on shares of Coupang from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Arete Research began coverage on shares of Coupang in a research note on Thursday, September 18th. They set a “buy” rating and a $40.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coupang in a research note on Wednesday, October 8th. Finally, Nomura decreased their price objective on shares of Coupang from $38.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.25.

Coupang Trading Up 2.0%

NYSE:CPNG opened at $22.87 on Friday. Coupang, Inc. has a 12 month low of $19.02 and a 12 month high of $34.08. The firm has a market cap of $41.78 billion, a price-to-earnings ratio of 108.91 and a beta of 1.18. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $27.82 and its 200-day moving average is $29.37.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The business had revenue of $9.27 billion during the quarter, compared to the consensus estimate of $9.13 billion. During the same period in the prior year, the firm earned $0.06 EPS. Coupang’s quarterly revenue was up 17.8% compared to the same quarter last year. Equities analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current year.

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.