Douglass Winthrop Advisors LLC Raises Stock Holdings in Coupang, Inc. $CPNG

Douglass Winthrop Advisors LLC increased its stake in shares of Coupang, Inc. (NYSE:CPNG) by 353.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,380,644 shares of the company’s stock after purchasing an additional 1,076,364 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Coupang were worth $44,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Dodge & Cox lifted its holdings in Coupang by 14.3% in the 2nd quarter. Dodge & Cox now owns 46,614,520 shares of the company’s stock valued at $1,396,571,000 after purchasing an additional 5,829,600 shares in the last quarter. Capital International Investors grew its holdings in shares of Coupang by 7.6% during the third 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 in the last quarter. Vanguard Group Inc. grew its holdings in shares of Coupang by 343.5% during the third quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company’s stock worth $920,786,000 after buying an additional 22,147,432 shares in the last quarter. Durable Capital Partners LP grew its holdings in shares of Coupang by 7.5% during the second quarter. Durable Capital Partners LP now owns 24,743,982 shares of the company’s stock worth $741,330,000 after buying an additional 1,734,980 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Coupang in the second quarter valued at approximately $587,186,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Activity at Coupang

In related news, CAO Jonathan D. Lee sold 2,679 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $23.62, for a total value of $63,277.98. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.78% of the stock is currently owned by insiders.

Coupang Price Performance

Coupang stock opened at $18.77 on Thursday. Coupang, Inc. has a 1 year low of $16.74 and a 1 year high of $34.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.04. The firm has a 50 day moving average price of $19.78 and a 200 day moving average price of $25.87. The company has a market cap of $34.28 billion, a price-to-earnings ratio of 156.39 and a beta of 1.20.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company 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 business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 EPS. Sell-side analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Friday, January 16th. Morgan Stanley cut their price target on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Barclays increased their price target on Coupang from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Finally, Nomura dropped their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.70.

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.