Sands Capital Management LLC Reduces Holdings in Coupang, Inc. $CPNG

Sands Capital Management LLC lowered its position in shares of Coupang, Inc. (NYSE:CPNG) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,319,665 shares of the company’s stock after selling 704,512 shares during the period. Sands Capital Management LLC owned approximately 0.56% of Coupang worth $243,441,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of Coupang by 0.5% during the third quarter. California State Teachers Retirement System now owns 78,679 shares of the company’s stock valued at $2,533,000 after purchasing an additional 361 shares during the period. Level Four Advisory Services LLC raised its stake in shares of Coupang by 2.2% during the third quarter. Level Four Advisory Services LLC now owns 20,916 shares of the company’s stock valued at $673,000 after purchasing an additional 441 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Coupang by 19.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,651 shares of the company’s stock worth $86,000 after buying an additional 597 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Coupang by 6.6% in the third quarter. National Bank of Canada FI now owns 9,801 shares of the company’s stock worth $316,000 after buying an additional 609 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Coupang by 9.5% in the fourth quarter. Assetmark Inc. now owns 7,150 shares of the company’s stock worth $169,000 after buying an additional 620 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Up 0.2%

Shares of NYSE:CPNG opened at $16.86 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $18.01 and a 200 day simple moving average of $20.11. The firm has a market cap of $30.26 billion, a PE ratio of -187.28 and a beta of 1.13. Coupang, Inc. has a 12-month low of $14.92 and a 12-month high of $34.08.

Coupang (NYSE:CPNG) last released its earnings results 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). Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same quarter in the previous year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Coupang, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CPNG shares. Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a research note on Monday, March 2nd. Citigroup lowered shares of Coupang from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $22.20 in a research note on Wednesday, May 6th. Weiss Ratings lowered shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Finally, Morgan Stanley dropped their price target on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.92.

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.