Tremblant Capital Group Sells 134,946 Shares of Coupang, Inc. $CPNG

Tremblant Capital Group reduced its position in Coupang, Inc. (NYSE:CPNG) by 9.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,283,619 shares of the company’s stock after selling 134,946 shares during the period. Coupang accounts for about 4.3% of Tremblant Capital Group’s holdings, making the stock its 7th largest holding. Tremblant Capital Group’s holdings in Coupang were worth $41,333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Coupang by 11.6% during the third quarter. Wellington Management Group LLP now owns 5,950,752 shares of the company’s stock worth $191,614,000 after purchasing an additional 620,806 shares in the last quarter. Prudential PLC purchased a new position in shares of Coupang in the third quarter valued at $470,000. Quinn Opportunity Partners LLC purchased a new position in shares of Coupang in the third quarter valued at $966,000. Chesapeake Capital Corp IL acquired a new position in shares of Coupang during the 3rd quarter worth $520,000. Finally, Capital Wealth Planning LLC raised its stake in shares of Coupang by 18.7% during the 3rd quarter. Capital Wealth Planning LLC now owns 195,915 shares of the company’s stock worth $6,308,000 after buying an additional 30,838 shares during the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Jonathan D. Lee sold 2,679 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer 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 filing with the SEC, which is available at the SEC website. Also, Director Neil Mehta acquired 2,332,863 shares of Coupang stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $18.40 per share, for a total transaction of $42,924,679.20. Following the purchase, the director directly owned 55,310,977 shares of the company’s stock, valued at approximately $1,017,721,976.80. This trade represents a 4.40% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 7,350,104 shares of company stock worth $136,566,051 over the last ninety days. 12.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented 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. Wall Street Zen cut shares of Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday. Mizuho reduced their price target on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Weiss Ratings lowered shares of Coupang from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Finally, Citigroup dropped 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. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.70.

Trending Headlines about Coupang

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Director Neil Mehta bought a total of ~7.35 million CPNG shares across March 11–13 (~$18.40–$18.68 per share), representing roughly $136.5M of purchases and boosting his stake to ~55.3M shares — a strong insider vote of confidence that can support the stock. Read More. Read More.
• Neutral Sentiment: Analysts’ reactions after Q4 are mixed — some note improving revenue growth but others highlight margin/earnings pressure and differing price targets, leaving near-term sentiment uncertain. Read More. Read More.
• Neutral Sentiment: Market commentary highlights elevated investor attention and mixed valuation signals — some argue recent share weakness creates an undervaluation opportunity, while others point to execution risks. Read More. Read More.
• Negative Sentiment: Near-term headwinds remain: recent quarterly results missed consensus on EPS and revenue, margins are thin and the stock trades below its 50-day and 200-day moving averages with a high trailing P/E, which can keep downward pressure absent clearer improvement in fundamentals. (Reference: analyst coverage and company Q4 commentary linked above.)

Coupang Stock Down 0.5%

Shares of NYSE:CPNG opened at $18.46 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $33.71 billion, a P/E ratio of 153.80 and a beta of 1.20. Coupang, Inc. has a 52-week low of $16.74 and a 52-week high of $34.08. The stock’s fifty day simple moving average is $19.58 and its 200-day simple moving average is $25.75.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The company had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $9.12 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

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.