Universal Beteiligungs und Servicegesellschaft mbH Grows Stake in Coupang, Inc. $CPNG

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Coupang by 43.4% in Q4 to 1,127,855 shares (about $26.62 million), representing roughly 0.06% of the company.
• Director Neil Mehta purchased 3,000,000 shares at $18.68 ($56.04 million), boosting his holdings to 52,978,114 shares; company insiders now own 12.78% of Coupang.
• Coupang missed the quarter with (‑$0.01) EPS vs. $0.02 expected and $8.84B revenue vs. $9.12B expected; the stock trades around $20.58 and carries a consensus analyst rating of "Hold" with a $27.30 target.

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 43.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,127,855 shares of the company's stock after purchasing an additional 341,534 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Coupang worth $26,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CPNG. Sunbelt Securities Inc. bought a new stake in Coupang in the third quarter worth about $26,000. Orion Capital Management LLC bought a new stake in Coupang in the third quarter worth about $32,000. Fifth Third Bancorp lifted its stake in Coupang by 1,250.0% in the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company's stock worth $35,000 after purchasing an additional 1,000 shares during the last quarter. Root Financial Partners LLC bought a new stake in Coupang in the third quarter worth about $40,000. Finally, Colonial Trust Advisors bought a new stake in Coupang in the third quarter worth about $48,000. Institutional investors own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CPNG. Barclays raised their price objective on shares of Coupang from $24.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday. Morgan Stanley decreased their price objective on shares of Coupang from $31.00 to $29.00 and set an "overweight" rating for the company in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a research note on Friday, January 16th. Citigroup decreased their price objective on shares of Coupang from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Finally, UBS Group set a $25.00 price target on shares of Coupang in a research note on Thursday, February 19th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Coupang currently has an average rating of "Hold" and a consensus target price of $27.30.

Insider Buying and Selling

In other news, Director Neil Mehta acquired 3,000,000 shares of Coupang stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $18.68 per share, for a total transaction of $56,040,000.00. Following the acquisition, the director directly owned 52,978,114 shares of the company's stock, valued at $989,631,169.52. This trade represents a 6.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders acquired 7,350,104 shares of company stock worth $136,566,051. Company insiders own 12.78% of the company's stock.

Coupang Trading Down 0.1%

CPNG opened at $20.58 on Friday. The stock's fifty day moving average is $19.26 and its two-hundred day moving average is $23.43. The company has a market capitalization of $37.63 billion, a P/E ratio of 171.53 and a beta of 1.16. Coupang, Inc. has a 52 week low of $16.74 and a 52 week high of $34.08. 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 released its quarterly earnings data on Thursday, February 26th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $8.84 billion for the quarter, compared to analysts' expectations of $9.12 billion. Coupang had a return on equity of 4.52% and a net margin of 0.60%.The company's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share. Analysts forecast that Coupang, Inc. will post -0.78 earnings per share for the current year.

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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