Quadrant Capital Group LLC Makes New $1.86 Million Investment in Coupang, Inc. $CPNG

Key Points

• Quadrant Capital Group LLC acquired a new stake of 57,787 shares in Coupang (NYSE:CPNG) in Q3, valued at approximately $1.86 million.
• Significant institutional moves: Vanguard added 22,147,432 shares (now 28,595,825 shares, a 343.5% increase); overall institutional ownership is 83.72% while insiders hold 12.78%.
• Coupang recently missed quarterly estimates — EPS -$0.01 vs $0.02 expected and revenue $8.84B vs $9.12B — it trades near $18.52, and analysts carry a consensus "Hold" rating with an average price target of $26.70.

Quadrant Capital Group LLC acquired a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,787 shares of the company's stock, valued at approximately $1,861,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in Coupang by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,215,142 shares of the company's stock valued at $361,128,000 after acquiring an additional 318,115 shares during the last quarter. TRB Advisors LP acquired a new stake in Coupang during the third quarter worth about $1,863,000. New York State Common Retirement Fund increased its stake in Coupang by 18.5% during the third quarter. New York State Common Retirement Fund now owns 728,861 shares of the company's stock worth $23,469,000 after acquiring an additional 113,950 shares during the last quarter. Rit Capital Partners PLC raised its holdings in shares of Coupang by 3.5% in the 3rd quarter. Rit Capital Partners PLC now owns 2,700,750 shares of the company's stock worth $86,937,000 after purchasing an additional 91,550 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Coupang by 343.5% in the 3rd quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company's stock worth $920,786,000 after purchasing an additional 22,147,432 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Stock Down 1.3%

NYSE CPNG opened at $18.52 on Friday. The stock has a market cap of $33.84 billion, a PE ratio of 154.37 and a beta of 1.20. Coupang, Inc. has a fifty-two week low of $16.74 and a fifty-two week high of $34.08. The business has a 50 day moving average price of $19.68 and a two-hundred day moving average price of $25.82. 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 (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 firm 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 firm's revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. As a group, sell-side analysts predict that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPNG. Barclays boosted their target price on Coupang from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Monday, March 2nd. UBS Group set a $25.00 price target on shares of Coupang in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a research report on Friday, January 16th. Sanford C. Bernstein reissued an "underperform" rating on shares of Coupang in a research report on Monday, March 2nd. Finally, Weiss Ratings downgraded shares of Coupang from a "hold (c)" rating to a "sell (d+)" rating in a research note on Monday, March 2nd. Six investment 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. According to MarketBeat.com, Coupang has a consensus rating of "Hold" and an average price target of $26.70.

Insiders Place Their Bets

In related news, CAO Jonathan D. Lee sold 2,679 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $2,883,907.52. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.78% of the company's stock.

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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