30,000 Shares in Coupang, Inc. $CPNG Acquired by Regal Partners Ltd

Regal Partners Ltd bought a new stake in Coupang, Inc. (NYSE:CPNG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $966,000.

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

Coupang Price Performance

NYSE:CPNG opened at $19.08 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 business’s 50-day moving average price is $20.09 and its 200 day moving average price is $26.08. Coupang, Inc. has a 52-week low of $16.74 and a 52-week high of $34.08. The firm has a market cap of $34.85 billion, a P/E ratio of 159.01 and a beta of 1.20.

Coupang (NYSE:CPNG) last issued 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). Coupang had a net margin of 0.60% and a return on equity of 4.52%. The business had revenue of $8.84 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same period in the previous year, the company posted $0.04 earnings per share. Coupang’s revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of research reports. Sanford C. Bernstein reissued an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Nomura decreased 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. Weiss Ratings downgraded Coupang from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Citigroup dropped their target price on Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, January 16th. Six 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.70.

Insider Activity

In other news, CAO Jonathan D. Lee sold 2,679 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $23.62, for a total transaction of $63,277.98. Following the completion of the sale, the chief accounting officer directly owned 122,096 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. 12.78% of the stock is owned by company insiders.

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.