Coupang, Inc. $CPNG Stock Position Raised by Vanguard Group Inc.

Key Points

• Vanguard Group raised its Coupang stake 3.3% to 29,547,637 shares (1.62% of the company) valued at about $697 million, with institutional investors now owning roughly 83.72% of the stock.
• Director Neil Mehta bought 3,000,000 shares at $18.68 (≈$56.0M), increasing his direct holdings to 52,978,114 shares; insiders have purchased 7.35M shares in the past 90 days and now own 12.78%.
• Q4 results missed estimates: EPS ($0.01) vs $0.02 expected and revenue $8.84B vs $9.12B (revenue +10.9% YoY); analysts' consensus is a "Hold" with a $27.30 price target and Coupang's market cap is about $37.6B.

Vanguard Group Inc. lifted its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,547,637 shares of the company's stock after buying an additional 951,812 shares during the period. Vanguard Group Inc. owned 1.62% of Coupang worth $697,029,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Coronation Fund Managers Ltd. grew its position in shares of Coupang by 19.3% during the 4th quarter. Coronation Fund Managers Ltd. now owns 5,936,214 shares of the company's stock valued at $140,035,000 after buying an additional 960,402 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Coupang by 80.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 17,054 shares of the company's stock valued at $402,000 after buying an additional 7,606 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of Coupang by 701.2% during the 4th quarter. Rakuten Securities Inc. now owns 4,094 shares of the company's stock valued at $97,000 after buying an additional 3,583 shares during the last quarter. Davidson Kahn Capital Management LLC grew its position in shares of Coupang by 24.2% during the 4th quarter. Davidson Kahn Capital Management LLC now owns 132,349 shares of the company's stock valued at $3,122,000 after buying an additional 25,829 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Coupang by 43.4% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,127,855 shares of the company's stock valued at $26,616,000 after buying an additional 341,534 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

Coupang Price Performance

NYSE CPNG opened at $20.58 on Monday. Coupang, Inc. has a 52 week low of $16.74 and a 52 week high of $34.08. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The stock has a market cap of $37.63 billion, a price-to-earnings ratio of 171.54 and a beta of 1.20. The company has a 50-day moving average price of $19.54 and a two-hundred day moving average price of $22.89.

Coupang (NYSE:CPNG - Get Free Report) last posted its 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). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The firm had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $9.12 billion. During the same quarter last year, the company posted $0.04 EPS. Coupang's revenue for the quarter was up 10.9% on a year-over-year basis. Analysts forecast that Coupang, Inc. will post -0.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed an "underperform" rating on shares of Coupang in a research report on Monday, March 2nd. Weiss Ratings downgraded shares of Coupang from a "hold (c)" rating to a "sell (d+)" rating in a research report on Monday, March 2nd. Barclays boosted their price objective on shares of Coupang from $24.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 23rd. UBS Group set a $25.00 target price on shares of Coupang in a research report on Thursday, February 19th. Finally, Mizuho decreased their target price on shares of Coupang from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $27.30.

Insider Buying and Selling

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 cost of $18.68 per share, for a total transaction of $56,040,000.00. Following the completion of the acquisition, the director directly owned 52,978,114 shares of the company's stock, valued at approximately $989,631,169.52. The trade was a 6.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have bought 7,350,104 shares of company stock valued at $136,566,051. 12.78% of the stock is currently owned by corporate insiders.

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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