Rit Capital Partners PLC Raises Stock Holdings in Coupang, Inc. $CPNG

Rit Capital Partners PLC lifted its position in shares of Coupang, Inc. (NYSE:CPNGFree Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,700,750 shares of the company’s stock after purchasing an additional 91,550 shares during the period. Coupang comprises 11.8% of Rit Capital Partners PLC’s investment portfolio, making the stock its largest holding. Rit Capital Partners PLC’s holdings in Coupang were worth $86,937,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Coupang by 4.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,436 shares of the company’s stock valued at $239,000 after buying an additional 330 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Coupang by 0.5% in the second quarter. Sequoia Financial Advisors LLC now owns 68,468 shares of the company’s stock valued at $2,051,000 after acquiring an additional 363 shares during the last quarter. CIBC Asset Management Inc increased its position in Coupang by 0.6% during the 3rd quarter. CIBC Asset Management Inc now owns 65,029 shares of the company’s stock valued at $2,094,000 after purchasing an additional 364 shares during the period. Resonant Capital Advisors LLC raised its holdings in Coupang by 2.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 13,088 shares of the company’s stock worth $421,000 after purchasing an additional 374 shares during the last quarter. Finally, Merit Financial Group LLC lifted its position in shares of Coupang by 2.7% in the 3rd quarter. Merit Financial Group LLC now owns 15,862 shares of the company’s stock worth $511,000 after purchasing an additional 418 shares during the period. Institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In related news, CAO Jonathan D. Lee sold 2,679 shares of Coupang 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 sale, the chief accounting officer directly owned 122,096 shares in the company, valued at approximately $2,883,907.52. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.78% of the company’s stock.

Coupang News Summary

Here are the key news stories impacting Coupang this week:

Coupang Price Performance

Shares of NYSE:CPNG opened at $20.02 on Tuesday. The stock’s fifty day simple moving average is $23.44 and its two-hundred day simple moving average is $27.90. The stock has a market cap of $36.56 billion, a PE ratio of 95.32 and a beta of 1.20. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. Coupang, Inc. has a 1-year low of $18.55 and a 1-year high of $34.08.

Coupang (NYSE:CPNGGet Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The business had revenue of $9.27 billion during the quarter, compared to the consensus estimate of $9.13 billion. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CPNG. Barclays increased their price target on Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Morgan Stanley restated an “overweight” rating on shares of Coupang in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Coupang in a research report on Wednesday, January 21st. Zacks Research raised Coupang from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Nomura lowered Coupang from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a report on Monday, January 12th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Coupang currently has a consensus rating of “Moderate Buy” and an average target price of $32.57.

Check Out Our Latest Analysis on Coupang

About Coupang

(Free Report)

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.

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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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