Kontiki Capital Management HK Ltd. Has $166.94 Million Stock Position in Coupang, Inc. $CPNG

Kontiki Capital Management HK Ltd. raised its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,076,851 shares of the company’s stock after purchasing an additional 285,153 shares during the period. Coupang accounts for about 9.7% of Kontiki Capital Management HK Ltd.’s holdings, making the stock its 6th largest holding. Kontiki Capital Management HK Ltd. owned about 0.39% of Coupang worth $166,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in Coupang during the 3rd quarter valued at approximately $26,000. 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 worth $35,000 after acquiring an additional 1,000 shares in the last quarter. Colonial Trust Advisors bought a new position in shares of Coupang in the 3rd quarter worth approximately $48,000. LGT Financial Advisors LLC bought a new position in shares of Coupang in the 3rd quarter worth approximately $52,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Coupang in the 4th quarter worth approximately $60,000. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

Coupang stock opened at $15.36 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $27.56 billion, a P/E ratio of -170.59 and a beta of 1.12. The stock’s 50 day moving average is $18.26 and its 200 day moving average is $20.56. Coupang, Inc. has a twelve month low of $15.03 and a twelve month high of $34.08.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.48 billion. Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. On average, equities research analysts predict that Coupang, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CPNG. UBS Group set a $25.00 target price on Coupang in a research report on Thursday, February 19th. Mizuho decreased their target price on Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Nomura decreased their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Morgan Stanley decreased their target price on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Finally, Citigroup lowered Coupang from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $22.20 in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.92.

Insider Buying and Selling at Coupang

In related news, Director Neil Mehta purchased 2,332,863 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price 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 represents a 4.40% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders purchased 7,350,104 shares of company stock valued at $136,566,051. Corporate insiders own 12.83% of the company’s stock.

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.