Capital International Investors Purchases 2,421,089 Shares of Coupang, Inc. $CPNG

Key Points

• Capital International Investors boosted its position in Coupang by 2,421,089 shares (up 7.6%) to 34,153,094 shares, owning about 1.87% of the company worth roughly $1.10 billion per its SEC filing.
• Coupang posted an earnings miss—EPS ($0.01) vs. $0.02 expected and revenue $8.84B vs. $9.12B expected despite 10.9% YoY revenue growth; the stock trades near $18.83 with a $34.39B market cap and a consensus analyst rating of Hold (target $26.70).

Capital International Investors grew its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 7.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,153,094 shares of the company's stock after buying an additional 2,421,089 shares during the quarter. Capital International Investors owned 1.87% of Coupang worth $1,099,792,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in Coupang in the 3rd quarter valued at approximately $32,000. Hilltop National Bank purchased a new position in shares of Coupang in the third quarter worth $34,000. Fifth Third Bancorp raised its stake in shares of Coupang by 1,250.0% in the third 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 bought a new position in shares of Coupang during the third quarter valued at $40,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Coupang during the second quarter valued at $45,000. Institutional investors own 83.72% of the company's stock.

Coupang Stock Down 1.3%

Coupang stock opened at $18.83 on Tuesday. Coupang, Inc. has a one year low of $16.74 and a one year high of $34.08. The stock has a fifty day moving average of $19.98 and a 200 day moving average of $25.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.04. The stock has a market cap of $34.39 billion, a PE ratio of 156.89 and a beta of 1.20.

Coupang (NYSE:CPNG - Get Free Report) last released 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 net margin of 0.60% and a return on equity of 4.52%. The firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Activity

In related news, CAO Jonathan D. Lee sold 2,679 shares of the business's stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $23.62, for a total transaction of $63,277.98. Following the completion of the sale, the chief accounting officer directly owned 122,096 shares in the company, valued at approximately $2,883,907.52. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.78% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Nomura reduced their price objective on Coupang from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, March 2nd. Barclays upped their target price on shares of Coupang from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Monday, March 2nd. 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 note on Friday, January 16th. Morgan Stanley decreased their price objective on shares of Coupang from $31.00 to $29.00 and set an "overweight" rating for the company in a report on Monday, March 2nd. Finally, UBS Group set a $25.00 price objective on shares of Coupang in a research report on Thursday, February 19th. 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 data from MarketBeat, Coupang currently has a consensus rating of "Hold" and a consensus price target of $26.70.

Coupang Company 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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