75,916 Shares in Coupang, Inc. $CPNG Acquired by Hunting Hill Global Capital LLC

Hunting Hill Global Capital LLC acquired a new position in Coupang, Inc. (NYSE:CPNG) during the 4th quarter, HoldingsChannel reports. The fund acquired 75,916 shares of the company’s stock, valued at approximately $1,791,000. Coupang accounts for approximately 1.2% of Hunting Hill Global Capital LLC’s holdings, making the stock its 13th biggest position.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Weiss Ratings cut shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Nomura decreased their target price on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. UBS Group set a $25.00 target price on shares of Coupang in a research note on Thursday, February 19th. Finally, Mizuho decreased their target price on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.65.

Coupang Trading Up 4.6%

Shares of NYSE:CPNG opened at $18.87 on Thursday. Coupang, Inc. has a 1 year low of $14.92 and a 1 year high of $34.08. The firm has a market capitalization of $33.87 billion, a price-to-earnings ratio of -209.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.76. The business’s 50 day moving average price is $17.95 and its 200-day moving average price is $19.91.

Coupang (NYSE:CPNG) last announced its 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 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 analysts’ expectations of $8.48 billion. During the same quarter last year, the business earned $0.06 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that Coupang, Inc. will post -0.17 earnings per share for the current fiscal year.

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.