ProShare Advisors LLC Sells 40,051 Shares of Coupang, Inc. $CPNG

ProShare Advisors LLC lessened its stake in Coupang, Inc. (NYSE:CPNG) by 20.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,385 shares of the company’s stock after selling 40,051 shares during the quarter. ProShare Advisors LLC’s holdings in Coupang were worth $2,100,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CPNG. Tiger Global Management LLC grew its holdings in Coupang by 31.7% during the first quarter. Tiger Global Management LLC now owns 34,595,407 shares of the company’s stock valued at $653,161,000 after purchasing an additional 8,328,148 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Coupang by 112.3% in the third quarter. Assenagon Asset Management S.A. now owns 28,102,139 shares of the company’s stock valued at $389,777,000 after buying an additional 14,865,737 shares during the period. Coronation Fund Managers Ltd. lifted its position in shares of Coupang by 98.3% during the 1st quarter. Coronation Fund Managers Ltd. now owns 11,771,286 shares of the company’s stock valued at $222,242,000 after buying an additional 5,835,072 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Coupang by 20.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,366,766 shares of the company’s stock valued at $82,404,000 after buying an additional 732,300 shares during the last quarter. Finally, Tree Line Advisors Hong Kong Ltd. bought a new position in shares of Coupang during the 2nd quarter worth $67,743,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

Shares of NYSE CPNG traded down $0.15 during mid-day trading on Friday, hitting $16.27. The company had a trading volume of 15,261,974 shares, compared to its average volume of 13,735,645. The company has a market capitalization of $29.25 billion, a price-to-earnings ratio of -21.41 and a beta of 1.15. Coupang, Inc. has a 1 year low of $13.35 and a 1 year high of $29.50. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $14.74 and its 200-day moving average price is $17.15.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09). Coupang had a negative return on equity of 8.77% and a negative net margin of 2.16%. The company had revenue of $9.96 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same period last year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Coupang, Inc. will post -0.61 earnings per share for the current year.

Insider Activity

In other news, CAO Jonathan D. Lee sold 5,519 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $13.65, for a total transaction of $75,334.35. Following the sale, the chief accounting officer directly owned 176,396 shares in the company, valued at $2,407,805.40. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Harold Rogers sold 192,110 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the completion of the sale, the insider directly owned 740,931 shares in the company, valued at approximately $11,988,263.58. The trade was a 20.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 203,148 shares of company stock worth $3,272,530. Company insiders own 12.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CPNG. Weiss Ratings reissued a “sell (d)” rating on shares of Coupang in a report on Monday. Wall Street Zen raised shares of Coupang from a “strong sell” rating to a “sell” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and cut their target price for the stock from $23.00 to $21.50 in a research report on Wednesday, August 5th. Citigroup upgraded shares of Coupang from a “neutral” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday. Finally, Barclays boosted their price target on shares of Coupang from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Coupang presently has an average rating of “Hold” and an average target price of $23.41.

More Coupang News

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Analyst actions are broadly supportive: Barclays raised its price target to $32 and maintained an Overweight rating, while Citi upgraded Coupang to Buy with a $19 target. Barclays rating Citi upgrade
• Positive Sentiment: Q3 constant-currency revenue grew 11% year over year, and Taiwan WOW membership more than doubled. These growth figures may help reinforce the longer-term expansion story. Q3 investor takeaways
• Neutral Sentiment: Wall Street analyst coverage remains divided: Bernstein cut its target to $11 and kept an Underperform rating, contrasting with the recent upgrades. Bernstein rating
• Negative Sentiment: A Seoul court dismissed Coupang’s suit challenging a fine from South Korea’s data-protection agency, leaving an adverse regulatory decision in place and adding legal risk. Court ruling
• Negative Sentiment: Despite revenue exceeding estimates, Coupang’s latest quarterly EPS missed analysts’ expectations, and coverage highlighted widening losses. That earnings-quality concern may temper optimism around the growth and analyst upgrades. Q3 growth and losses analysis

About Coupang

Coupang, Inc is an e-commerce and technology company best known for its online marketplace in South Korea. The platform offers products across categories such as electronics, apparel, household goods and groceries, combining third-party sellers with retail operations and a network of fulfillment and delivery services.

Its services include Rocket Delivery for rapid shipping, Rocket Fresh for grocery delivery and Coupang Eats for food delivery. Coupang also offers Coupang Play, a video-streaming service, and operates a paid membership program called Rocket Wow.