Dragoneer Investment Group LLC Boosts Stock Holdings in Coupang, Inc. $CPNG

Dragoneer Investment Group LLC increased its holdings in Coupang, Inc. (NYSE:CPNG) by 47.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,576,556 shares of the company’s stock after purchasing an additional 6,910,865 shares during the quarter. Coupang makes up approximately 11.1% of Dragoneer Investment Group LLC’s holdings, making the stock its largest holding. Dragoneer Investment Group LLC’s holdings in Coupang were worth $508,991,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Dodge & Cox grew its stake in shares of Coupang by 4.9% in the fourth quarter. Dodge & Cox now owns 49,233,320 shares of the company’s stock worth $1,161,414,000 after purchasing an additional 2,285,600 shares during the last quarter. Capital International Investors grew its stake in shares of Coupang by 20.4% in the fourth quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock worth $970,340,000 after purchasing an additional 6,977,942 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Coupang by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after purchasing an additional 951,812 shares during the last quarter. Durable Capital Partners LP grew its stake in shares of Coupang by 0.4% in the third quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock worth $799,629,000 after purchasing an additional 89,207 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Coupang by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 24,327,724 shares of the company’s stock worth $574,068,000 after purchasing an additional 1,689,293 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings cut Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Morgan Stanley cut their price objective on Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Nomura cut their price objective on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Barclays lifted their price objective on Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Citigroup cut Coupang from a “buy” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $22.20 in a research report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.65.

Coupang Stock Performance

Coupang stock opened at $18.00 on Wednesday. The stock’s 50 day simple moving average is $17.96 and its two-hundred day simple moving average is $19.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.97. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of -200.01 and a beta of 1.12. Coupang, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $34.08.

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

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.