Coupang, Inc. $CPNG Shares Sold by Two Creeks Capital Management LP

Key Points

• Two Creeks Capital cut its Coupang stake by 24.9% in Q3, selling 549,430 shares and now holds 1,656,867 shares worth about $53.35 million, making it the fund's 15th-largest position.
• Director Neil Mehta made a sizable insider buy—about 7.35 million shares (~$136.5M) across March 11–13—boosting his stake to roughly 55.3 million shares, a strong vote of confidence.
• Coupang missed Q4 EPS and revenue estimates, has thin margins and a high trailing P/E (153.8), trades below its 50- and 200-day averages, and faces mixed analyst views (consensus: Hold, target $26.70).

Two Creeks Capital Management LP cut its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 24.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,656,867 shares of the company's stock after selling 549,430 shares during the quarter. Coupang comprises 3.8% of Two Creeks Capital Management LP's investment portfolio, making the stock its 15th biggest position. Two Creeks Capital Management LP owned about 0.09% of Coupang worth $53,351,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Coupang by 4.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,436 shares of the company's stock valued at $239,000 after acquiring an additional 330 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Coupang by 0.6% in the third quarter. CIBC Asset Management Inc now owns 65,029 shares of the company's stock valued at $2,094,000 after purchasing an additional 364 shares in the last quarter. Resonant Capital Advisors LLC grew its position in shares of Coupang by 2.9% in the third quarter. Resonant Capital Advisors LLC now owns 13,088 shares of the company's stock valued at $421,000 after purchasing an additional 374 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of Coupang by 2.7% in the third quarter. Merit Financial Group LLC now owns 15,862 shares of the company's stock valued at $511,000 after purchasing an additional 418 shares during the last quarter. Finally, Level Four Advisory Services LLC increased its holdings in shares of Coupang by 2.2% in the third quarter. Level Four Advisory Services LLC now owns 20,916 shares of the company's stock valued at $673,000 after purchasing an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CPNG shares. Wall Street Zen lowered Coupang from a "hold" rating to a "strong sell" rating in a research note on Saturday. Morgan Stanley reduced their price target on Coupang from $31.00 to $29.00 and set an "overweight" rating on the stock in a report on Monday, March 2nd. Citigroup dropped their price objective on shares of Coupang from $27.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research report on Friday, January 16th. Finally, Nomura reduced 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. Six 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.70.

Coupang Price Performance

CPNG stock opened at $18.46 on Friday. The business has a fifty day moving average of $19.58 and a two-hundred day moving average of $25.75. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 0.14. The stock has a market cap of $33.71 billion, a price-to-earnings ratio of 153.80 and a beta of 1.20. Coupang, Inc. has a 52-week low of $16.74 and a 52-week high of $34.08.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $8.84 billion during the quarter, compared to analyst estimates of $9.12 billion. Coupang had a net margin of 0.60% and a return on equity of 4.52%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.04 EPS. As a group, research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Key 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.)

Insider Activity

In related news, Director Neil Mehta bought 2,332,863 shares of the firm's stock in a transaction on Friday, March 13th. The shares were bought at an average price of $18.40 per share, with a total value of $42,924,679.20. Following the completion of the transaction, the director directly owned 55,310,977 shares of the company's stock, valued at $1,017,721,976.80. This represents a 4.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 $2,883,907.52. This trade represents a 2.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders purchased 7,350,104 shares of company stock worth $136,566,051. 12.78% of the stock is owned by insiders.

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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