45,932 Shares in Coupang, Inc. $CPNG Bought by Rathbones Group PLC

Rathbones Group PLC purchased a new position in Coupang, Inc. (NYSE:CPNG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 45,932 shares of the company’s stock, valued at approximately $1,084,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPNG. Sunbelt Securities Inc. acquired a new stake in Coupang during the 3rd quarter worth $26,000. Orion Capital Management LLC acquired a new stake in Coupang during the 3rd quarter worth $32,000. Fifth Third Bancorp boosted its stake in Coupang by 1,250.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Coupang during the 3rd quarter worth $40,000. Finally, Colonial Trust Advisors acquired a new stake in Coupang during the 3rd quarter worth $48,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In related news, Director Neil Mehta bought 3,000,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $18.68 per share, with a total value of $56,040,000.00. Following the completion of the transaction, the director directly owned 52,978,114 shares of the company’s stock, valued at $989,631,169.52. This represents a 6.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have bought 7,350,104 shares of company stock worth $136,566,051. Insiders own 12.78% of the company’s stock.

Coupang Trading Up 2.3%

Shares of CPNG stock opened at $16.09 on Friday. The company’s 50-day moving average price is $18.88 and its 200-day moving average price is $21.49. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a market cap of $28.88 billion, a price-to-earnings ratio of -178.72 and a beta of 1.20. Coupang, Inc. has a twelve month low of $15.03 and a twelve month high of $34.08.

Coupang (NYSE:CPNG) last announced its quarterly earnings results 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). The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.48 billion. Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. As a group, equities analysts predict that Coupang, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPNG has been the topic of several recent research reports. Nomura lowered their target price on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft cut shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research note on Wednesday, May 6th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a research note on Monday, March 2nd. Weiss Ratings cut shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Finally, Mizuho lowered their price target on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.92.

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.