Quantbot Technologies LP Buys New Holdings in Coupang, Inc. $CPNG

Quantbot Technologies LP purchased a new position in Coupang, Inc. (NYSE:CPNG) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 80,218 shares of the company’s stock, valued at approximately $2,583,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in shares of Coupang during the third quarter worth approximately $32,000. Hilltop National Bank bought a new stake in Coupang during the 3rd quarter valued at $34,000. Fifth Third Bancorp increased its stake in Coupang by 1,250.0% during 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 Coupang during the third quarter worth $40,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Coupang in the second quarter valued at $45,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analyst Ratings Changes

CPNG has been the subject of a number of analyst reports. Mizuho reduced 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. Nomura cut their price target on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft raised 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. Barclays lifted their target price on Coupang from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Citigroup decreased their price target on Coupang from $27.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.70.

Coupang Price Performance

Shares of NYSE CPNG opened at $19.21 on Wednesday. The company has a market capitalization of $35.09 billion, a PE ratio of 160.10 and a beta of 1.20. 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 stock’s 50 day moving average price is $20.34 and its 200-day moving average price is $26.26. Coupang, Inc. has a twelve month low of $16.74 and a twelve month high of $34.08.

Coupang (NYSE:CPNG) last issued its quarterly earnings results 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 net margin of 0.60% and a return on equity of 4.52%. The business had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $9.12 billion. During the same period in the previous year, the business posted $0.04 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. On average, equities analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Activity at Coupang

In related news, CAO Jonathan D. Lee sold 2,679 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were 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. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.78% of the stock is owned by insiders.

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.