Quadrant Capital Group LLC Invests $1.86 Million in Coupang, Inc. $CPNG

Quadrant Capital Group LLC purchased a new position in Coupang, Inc. (NYSE:CPNG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 57,787 shares of the company’s stock, valued at approximately $1,861,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPNG. Orion Capital Management LLC acquired a new stake in Coupang during the 3rd quarter valued at approximately $32,000. Hilltop National Bank purchased a new stake in Coupang during the 3rd quarter worth approximately $34,000. Fifth Third Bancorp raised its position in shares of Coupang by 1,250.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Coupang in the 3rd quarter valued at approximately $40,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Coupang during the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Price Performance

Shares of CPNG opened at $18.52 on Friday. 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 firm has a market cap of $33.84 billion, a price-to-earnings ratio of 154.37 and a beta of 1.20. The stock has a 50 day moving average of $19.68 and a 200-day moving average of $25.82.

Coupang (NYSE:CPNG) last posted its quarterly earnings results 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). Coupang had a net margin of 0.60% and a return on equity of 4.52%. The firm had revenue of $8.84 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same period in the prior year, the company posted $0.04 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast that Coupang, Inc. will post 0.17 EPS for the current year.

Insiders Place Their Bets

In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of the 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 sale, the chief accounting officer directly owned 122,096 shares of the company’s stock, valued at approximately $2,883,907.52. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on CPNG shares. Morgan Stanley decreased their price target on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. UBS Group set a $25.00 price target on shares of Coupang in a report on Thursday, February 19th. Citigroup reduced their price objective on shares of Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Mizuho decreased their price objective on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Finally, Barclays boosted their target price on shares of Coupang from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.70.

About Coupang

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.