Motley Fool Asset Management LLC Boosts Stock Position in Coupang, Inc. $CPNG

Motley Fool Asset Management LLC raised its holdings in Coupang, Inc. (NYSE:CPNG) by 35.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 169,889 shares of the company’s stock after acquiring an additional 44,045 shares during the period. Motley Fool Asset Management LLC’s holdings in Coupang were worth $4,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dodge & Cox lifted its position in Coupang by 0.7% during the 3rd quarter. Dodge & Cox now owns 46,947,720 shares of the company’s stock worth $1,511,717,000 after acquiring an additional 333,200 shares in the last quarter. Capital International Investors lifted its position in Coupang by 20.4% during the 4th quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock worth $970,340,000 after acquiring an additional 6,977,942 shares in the last quarter. Vanguard Group Inc. lifted its position in Coupang by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after acquiring an additional 951,812 shares in the last quarter. Durable Capital Partners LP lifted its position in Coupang by 0.4% during the 3rd quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock worth $799,629,000 after acquiring an additional 89,207 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Coupang by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 24,327,724 shares of the company’s stock worth $574,068,000 after acquiring an additional 1,689,293 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Coupang

In other news, Director Neil Mehta purchased 2,332,863 shares of the stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $18.40 per share, for a total transaction of $42,924,679.20. Following the acquisition, the director owned 55,310,977 shares of the company’s stock, valued at $1,017,721,976.80. The trade was a 4.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.83% of the company’s stock.

Coupang Stock Performance

Shares of CPNG opened at $15.05 on Thursday. The business’s 50 day moving average is $18.09 and its two-hundred day moving average is $20.26. Coupang, Inc. has a 52-week low of $14.92 and a 52-week high of $34.08. The firm has a market cap of $27.01 billion, a price-to-earnings ratio of -167.16 and a beta of 1.12. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CPNG shares. Wall Street Zen lowered Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. UBS Group set a $25.00 target price on Coupang in a research report on Thursday, February 19th. Mizuho cut their target price on Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Coupang has an average rating of “Hold” and an average target price of $26.92.

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.