Natixis Advisors LLC Purchases 44,970 Shares of Coupang, Inc. $CPNG

Natixis Advisors LLC boosted its position in Coupang, Inc. (NYSE:CPNG) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,257,688 shares of the company’s stock after buying an additional 44,970 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of Coupang worth $40,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Coupang in the 3rd quarter worth approximately $32,000. Hilltop National Bank bought a new position in shares of Coupang during the 3rd quarter valued at $34,000. Fifth Third Bancorp grew its holdings in shares of Coupang by 1,250.0% during the 3rd 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 during the last quarter. Root Financial Partners LLC purchased a new position in Coupang in the 3rd quarter worth $40,000. Finally, Loomis Sayles & Co. L P purchased a new position in Coupang in the 2nd quarter worth $45,000. 83.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Friday, January 16th. Weiss Ratings downgraded Coupang from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Morgan Stanley lowered their target price on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Barclays increased their target price on Coupang from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, Citigroup decreased their price target on Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.70.

Insider Transactions at Coupang

In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $23.62, for a total transaction of $63,277.98. Following the completion of the transaction, the chief accounting officer owned 122,096 shares of the company’s stock, valued at $2,883,907.52. This represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 12.78% of the stock is currently owned by corporate insiders.

Coupang Price Performance

Shares of Coupang stock opened at $18.83 on Tuesday. The company’s fifty day simple moving average is $19.98 and its two-hundred day simple moving average is $25.99. Coupang, Inc. has a 12-month low of $16.74 and a 12-month high of $34.08. The firm has a market cap of $34.39 billion, a PE ratio of 156.89 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 0.14.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $9.12 billion. Coupang had a net margin of 0.60% and a return on equity of 4.52%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $0.04 earnings per share. As a group, equities analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Coupang 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.