AMS Capital Ltda Reduces Stock Holdings in Coupang, Inc. $CPNG

Key Points

• AMS Capital Ltda cut its Coupang stake by 10.4% in the first quarter, selling 73,399 shares and retaining 633,217 shares valued at approximately $11.96 million. Coupang represents about 4.6% of the firm’s portfolio.
• Institutional investors and hedge funds own 83.72% of Coupang, with several firms recently increasing their positions.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $25.93. Coupang recently missed quarterly EPS estimates, although revenue rose 7.5% year over year.

AMS Capital Ltda lowered its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 633,217 shares of the company's stock after selling 73,399 shares during the period. Coupang makes up about 4.6% of AMS Capital Ltda's investment portfolio, making the stock its 9th largest holding. AMS Capital Ltda's holdings in Coupang were worth $11,955,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. California State Teachers Retirement System lifted its stake in shares of Coupang by 0.5% in the third quarter. California State Teachers Retirement System now owns 78,679 shares of the company's stock worth $2,533,000 after buying an additional 361 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Coupang by 19.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,651 shares of the company's stock valued at $86,000 after purchasing an additional 597 shares during the last quarter. National Bank of Canada FI grew its position in shares of Coupang by 6.6% in the third quarter. National Bank of Canada FI now owns 9,801 shares of the company's stock valued at $316,000 after purchasing an additional 609 shares during the last quarter. Assetmark Inc. increased its stake in shares of Coupang by 9.5% in the fourth quarter. Assetmark Inc. now owns 7,150 shares of the company's stock worth $169,000 after purchasing an additional 620 shares during the period. Finally, Vise Technologies Inc. increased its stake in shares of Coupang by 3.0% in the fourth quarter. Vise Technologies Inc. now owns 22,302 shares of the company's stock worth $526,000 after purchasing an additional 642 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

CPNG has been the topic of several research analyst reports. Citigroup lowered shares of Coupang from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $23.00 to $22.20 in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $31.00 price target on Coupang in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft downgraded Coupang from a "buy" rating to a "hold" rating and set a $23.00 price objective for the company. in a research report on Wednesday, May 6th. Bank of America decreased their price objective on Coupang from $28.00 to $27.00 and set a "buy" rating on the stock in a report on Wednesday, June 24th. Finally, Weiss Ratings cut Coupang from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $25.93.

Coupang Stock Performance

Coupang stock opened at $16.41 on Monday. The firm has a market capitalization of $29.45 billion, a P/E ratio of -182.29 and a beta of 1.13. The stock has a fifty day moving average price of $16.99 and a two-hundred day moving average price of $18.30. Coupang, Inc. has a 52-week low of $14.92 and a 52-week high of $34.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.76.

Coupang (NYSE:CPNG - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $8.48 billion. Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. As a group, analysts anticipate that Coupang, Inc. will post -0.33 EPS for the current fiscal 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.

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