Eminence Capital LP Grows Stock Position in Coupang, Inc. $CPNG

Eminence Capital LP grew its position in shares of Coupang, Inc. (NYSE:CPNG) by 34.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,644,042 shares of the company’s stock after acquiring an additional 3,209,657 shares during the quarter. Coupang makes up 4.7% of Eminence Capital LP’s holdings, making the stock its 5th largest holding. Eminence Capital LP’s holdings in Coupang were worth $298,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dodge & Cox lifted its holdings in shares of Coupang by 4.9% during the 4th quarter. Dodge & Cox now owns 49,233,320 shares of the company’s stock valued at $1,161,414,000 after buying an additional 2,285,600 shares during the period. Capital International Investors lifted its holdings in shares of Coupang by 20.4% during the 4th quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock valued at $970,340,000 after buying an additional 6,977,942 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Coupang by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock valued at $697,029,000 after buying an additional 951,812 shares during the period. Tiger Global Management LLC lifted its holdings in shares of Coupang by 65.9% during the 4th quarter. Tiger Global Management LLC now owns 26,267,259 shares of the company’s stock valued at $619,645,000 after buying an additional 10,429,680 shares during the period. Finally, Durable Capital Partners LP lifted its holdings in shares of Coupang by 0.4% during the 3rd quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock valued at $799,629,000 after buying an additional 89,207 shares during the period. 83.72% of the stock is owned by institutional investors.

Coupang Price Performance

Shares of Coupang stock opened at $18.87 on Thursday. Coupang, Inc. has a one year low of $14.92 and a one year high of $34.08. 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 $33.87 billion, a P/E ratio of -209.60 and a beta of 1.12. The stock’s fifty day moving average is $17.95 and its 200 day moving average is $19.91.

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

Wall Street Analyst Weigh In

CPNG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut Coupang from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Wednesday, May 6th. CLSA assumed coverage on Coupang in a report on Monday. They set an “outperform” rating and a $24.00 price target on the stock. Barclays raised their target price on Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings cut Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Nomura decreased their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.65.

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.