Wolf Hill Capital Management LP Takes $44.75 Million Position in Coupang, Inc. $CPNG

Wolf Hill Capital Management LP acquired a new stake in Coupang, Inc. (NYSE:CPNG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,896,868 shares of the company’s stock, valued at approximately $44,747,000. Coupang accounts for about 4.9% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 8th biggest holding. Wolf Hill Capital Management LP owned 0.10% of Coupang at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of Coupang in the third quarter valued at approximately $26,000. Fifth Third Bancorp boosted its stake in shares of Coupang by 1,250.0% in the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Colonial Trust Advisors acquired a new stake in Coupang in the third quarter valued at approximately $48,000. LGT Financial Advisors LLC purchased a new position in Coupang in the third quarter worth approximately $52,000. Finally, Advisory Services Network LLC acquired a new position in Coupang during the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Up 0.2%

CPNG stock 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. Coupang, Inc. has a twelve month low of $14.92 and a twelve month high of $34.08. The company’s 50 day moving average is $18.01 and its two-hundred day moving average is $20.11. The stock has a market cap of $30.26 billion, a P/E ratio of -187.28 and a beta of 1.13.

Coupang (NYSE:CPNG) last released its quarterly earnings data 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 return on equity of 3.67% and a negative net margin of 0.47%.The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.48 billion. During the same period in the previous year, the business posted $0.06 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts expect that Coupang, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. UBS Group set a $25.00 price objective on shares of Coupang in a research report on Thursday, February 19th. Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 14th. Mizuho reduced their price objective on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. CLSA started coverage on shares of Coupang in a report on Monday. They issued an “outperform” rating on the stock. Finally, Barclays raised their price objective on shares of Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average 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.