Coupang, Inc. $CPNG Shares Sold by Allen Investment Management LLC

Key Points

• Allen Investment Management cut its Coupang stake by 98.6% in the third quarter, selling 1,239,835 shares and retaining 18,165 shares valued at $252,000.
• Institutional investors overall own 83.72% of Coupang shares, while several other funds increased their positions, including Assenagon, which more than doubled its holdings.
• Coupang’s latest quarter showed mixed results: revenue rose 7.5% year over year and exceeded estimates, but EPS missed expectations. Analyst views are divided, and a South Korean court ruling against the company adds regulatory risk.

Allen Investment Management LLC decreased its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 98.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 18,165 shares of the company's stock after selling 1,239,835 shares during the period. Allen Investment Management LLC's holdings in Coupang were worth $252,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tiger Global Management LLC grew its stake in Coupang by 31.7% in the 1st quarter. Tiger Global Management LLC now owns 34,595,407 shares of the company's stock worth $653,161,000 after acquiring an additional 8,328,148 shares during the period. Assenagon Asset Management S.A. raised its holdings in Coupang by 112.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 28,102,139 shares of the company's stock valued at $389,777,000 after acquiring an additional 14,865,737 shares during the last quarter. Coronation Fund Managers Ltd. raised its holdings in Coupang by 98.3% in the 1st quarter. Coronation Fund Managers Ltd. now owns 11,771,286 shares of the company's stock valued at $222,242,000 after acquiring an additional 5,835,072 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 worth $82,404,000 after purchasing an additional 732,300 shares during the period. Finally, Tree Line Advisors Hong Kong Ltd. purchased a new position in shares of Coupang during the 2nd quarter worth $67,743,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Key Headlines Impacting Coupang

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CPNG shares. Barclays raised their price objective on Coupang from $29.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday. Wall Street Zen upgraded 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 price target for the company from $23.00 to $21.50 in a report on Wednesday, August 5th. Bank of America cut their price objective on Coupang from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday, August 5th. Finally, Mizuho set a $21.00 target price on shares of Coupang in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Coupang has a consensus rating of "Hold" and a consensus target price of $23.41.

Coupang Stock Down 0.1%

NYSE:CPNG opened at $16.27 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 1.16. The stock has a 50 day moving average of $14.74 and a 200-day moving average of $17.15. The firm has a market capitalization of $29.25 billion, a PE ratio of -21.41 and a beta of 1.15. Coupang, Inc. has a 52 week low of $13.35 and a 52 week high of $29.50.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.09). Coupang had a negative return on equity of 21.51% and a negative net margin of 3.77%. The company had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the business posted $0.05 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Analysts predict that Coupang, Inc. will post -0.60 EPS for the current year.

Insider Buying and Selling

In other Coupang news, CAO Jonathan D. Lee sold 5,519 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $13.65, for a total value of $75,334.35. Following the sale, the chief accounting officer directly owned 176,396 shares of the company's stock, valued at $2,407,805.40. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.83% of the stock is currently owned by insiders.

Coupang Profile

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.

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