Holocene Advisors LP Sells 2,232,046 Shares of Coupang, Inc. $CPNG

Holocene Advisors LP lowered its stake in shares of Coupang, Inc. (NYSE:CPNG) by 14.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,457,799 shares of the company’s stock after selling 2,232,046 shares during the period. Coupang accounts for about 1.0% of Holocene Advisors LP’s investment portfolio, making the stock its 12th biggest holding. Holocene Advisors LP owned approximately 0.74% of Coupang worth $433,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Orion Capital Management LLC bought a new stake in Coupang during the third quarter valued at about $32,000. Hilltop National Bank bought a new position in Coupang in the third quarter worth about $34,000. Fifth Third Bancorp lifted its position in shares of Coupang by 1,250.0% during the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after buying an additional 1,000 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Coupang during the third quarter valued at about $40,000. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Coupang in the 2nd quarter valued at about $45,000. Institutional investors own 83.72% of the company’s stock.

More Coupang News

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Director Neil Mehta bought a total of ~7.35 million CPNG shares across March 11–13 (~$18.40–$18.68 per share), representing roughly $136.5M of purchases and boosting his stake to ~55.3M shares — a strong insider vote of confidence that can support the stock. Read More. Read More.
• Neutral Sentiment: Analysts’ reactions after Q4 are mixed — some note improving revenue growth but others highlight margin/earnings pressure and differing price targets, leaving near-term sentiment uncertain. Read More. Read More.
• Neutral Sentiment: Market commentary highlights elevated investor attention and mixed valuation signals — some argue recent share weakness creates an undervaluation opportunity, while others point to execution risks. Read More. Read More.
• Negative Sentiment: Near-term headwinds remain: recent quarterly results missed consensus on EPS and revenue, margins are thin and the stock trades below its 50-day and 200-day moving averages with a high trailing P/E, which can keep downward pressure absent clearer improvement in fundamentals. (Reference: analyst coverage and company Q4 commentary linked above.)

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, January 16th. Morgan Stanley lowered their target price on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Weiss Ratings lowered shares of Coupang from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Mizuho reduced their price target on Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Sanford C. Bernstein reissued an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.70.

Insider Buying and Selling at Coupang

In other news, Director Neil Mehta purchased 3,000,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were acquired at an average price of $18.68 per share, for a total transaction of $56,040,000.00. Following the purchase, the director owned 52,978,114 shares in the company, valued at $989,631,169.52. This trade represents a 6.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jonathan D. Lee sold 2,679 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $23.62, for a total value of $63,277.98. Following the completion of the transaction, the chief accounting officer directly owned 122,096 shares in the company, valued at $2,883,907.52. This represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders purchased 7,350,104 shares of company stock worth $136,566,051. 12.78% of the stock is owned by insiders.

Coupang Stock Down 0.5%

NYSE:CPNG opened at $18.46 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. Coupang, Inc. has a twelve month low of $16.74 and a twelve month high of $34.08. The company has a market cap of $33.71 billion, a PE ratio of 153.80 and a beta of 1.20. The company’s 50 day moving average is $19.58 and its two-hundred day moving average is $25.71.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The company had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $9.12 billion. During the same period in the prior year, the business posted $0.04 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. 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.