Coupang, Inc. $CPNG Stock Holdings Lifted by AMS Capital Ltda

Key Points

• AMS Capital Ltda raised its Coupang stake by 177.9% in Q4 to 706,616 shares worth $16.67M, making CPNG about 6.4% of the fund's portfolio and the stock part of a broader institutional ownership base of roughly 83.7%.
• Insider buying accelerated as Director Neil Mehta bought 3,000,000 shares at $18.68 ($56.04M), contributing to 7,350,104 shares purchased by insiders in the last 90 days and lifting insider ownership to 12.78%.
• Mixed analyst sentiment and a recent miss: the stock carries an average "Hold" rating with a $26.70 target, even as Coupang missed quarterly estimates (EPS -$0.01 vs $0.02 expected; revenue $8.84B vs $9.12B expected).

AMS Capital Ltda increased its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 177.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 706,616 shares of the company's stock after buying an additional 452,355 shares during the quarter. Coupang accounts for about 6.4% of AMS Capital Ltda's portfolio, making the stock its 7th largest position. AMS Capital Ltda's holdings in Coupang were worth $16,669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dodge & Cox grew its stake in Coupang by 0.7% during the 3rd quarter. Dodge & Cox now owns 46,947,720 shares of the company's stock worth $1,511,717,000 after buying an additional 333,200 shares during the last quarter. Capital International Investors grew its stake in Coupang by 7.6% during the 3rd quarter. Capital International Investors now owns 34,153,094 shares of the company's stock worth $1,099,792,000 after buying an additional 2,421,089 shares during the last quarter. Vanguard Group Inc. grew its stake in Coupang by 343.5% during the 3rd quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company's stock valued at $920,786,000 after purchasing an additional 22,147,432 shares during the last quarter. Durable Capital Partners LP grew its stake in Coupang by 0.4% during the 3rd quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company's stock valued at $799,629,000 after purchasing an additional 89,207 shares during the last quarter. Finally, State Street Corp grew its stake in Coupang by 21.2% during the 3rd quarter. State Street Corp now owns 18,964,373 shares of the company's stock valued at $610,653,000 after purchasing an additional 3,322,598 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPNG has been the topic of several research analyst reports. Wall Street Zen downgraded Coupang from a "hold" rating to a "strong sell" rating in a research note on Saturday, March 14th. Weiss Ratings downgraded Coupang from a "hold (c)" rating to a "sell (d+)" rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research note on Friday, January 16th. Mizuho dropped their price target on Coupang from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, February 27th. Finally, Citigroup dropped their price target on Coupang from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, February 10th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $26.70.

Insider Activity

In related news, Director Neil Mehta acquired 3,000,000 shares of the firm's stock in a transaction dated Thursday, March 12th. The stock was acquired at an average price of $18.68 per share, with a total value of $56,040,000.00. Following the acquisition, the director directly owned 52,978,114 shares in the company, valued at $989,631,169.52. This represents a 6.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders bought 7,350,104 shares of company stock valued at $136,566,051. Insiders own 12.78% of the company's stock.

Coupang Stock Performance

Shares of CPNG stock opened at $19.19 on Wednesday. The stock has a market cap of $35.08 billion, a PE ratio of 159.91 and a beta of 1.16. The business has a 50-day simple moving average of $18.82 and a 200-day simple moving average of $24.29. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 0.14. 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 issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). The company 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 quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. On average, equities analysts expect that Coupang, Inc. will post 0.17 EPS for the current 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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