Capital International Inc. CA Sells 279,139 Shares of Coupang, Inc. $CPNG

Capital International Inc. CA lowered its stake in shares of Coupang, Inc. (NYSE:CPNG) by 12.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,948,378 shares of the company’s stock after selling 279,139 shares during the period. Capital International Inc. CA owned 0.11% of Coupang worth $62,738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors increased its position in shares of Coupang by 7.6% during the third quarter. Capital International Investors now owns 34,153,094 shares of the company’s stock valued at $1,099,792,000 after buying an additional 2,421,089 shares during the period. Bank of Montreal Can increased its holdings in Coupang by 2,042.3% during the 3rd quarter. Bank of Montreal Can now owns 1,143,128 shares of the company’s stock worth $36,809,000 after acquiring an additional 1,089,767 shares during the period. Legal & General Group Plc lifted its stake in Coupang by 3.6% in the 3rd quarter. Legal & General Group Plc now owns 3,924,466 shares of the company’s stock worth $126,363,000 after purchasing an additional 135,227 shares in the last quarter. Gavilan Investment Partners LLC grew its position in shares of Coupang by 9.5% during the 3rd quarter. Gavilan Investment Partners LLC now owns 1,265,000 shares of the company’s stock valued at $40,733,000 after purchasing an additional 110,000 shares in the last quarter. Finally, LGT Group Foundation increased its holdings in shares of Coupang by 28.5% in the third quarter. LGT Group Foundation now owns 34,954 shares of the company’s stock worth $1,134,000 after purchasing an additional 7,753 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Down 1.3%

Shares of NYSE CPNG opened at $18.83 on Tuesday. The firm has a fifty day simple moving average of $19.98 and a two-hundred day simple moving average of $25.99. The firm has a market capitalization of $34.39 billion, a PE ratio of 156.89 and a beta of 1.20. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. Coupang, Inc. has a 12 month low of $16.74 and a 12 month high of $34.08.

Coupang (NYSE:CPNG) last announced 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 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 firm earned $0.04 EPS. Coupang’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CPNG shares. UBS Group set a $25.00 target price on Coupang in a research note on Thursday, February 19th. Sanford C. Bernstein reiterated an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, January 16th. Nomura cut their target price on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Finally, Barclays increased their price target on shares of Coupang from $23.00 to $24.00 and gave the company 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 issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.70.

Insider Buying and Selling at Coupang

In related 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 value of $63,277.98. Following 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 Securities & Exchange Commission, which is available at this link. 12.78% of the stock is owned by corporate insiders.

Coupang 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.