Bamco Inc. NY Reduces Holdings in Coupang, Inc. $CPNG

Bamco Inc. NY lowered its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,305,895 shares of the company’s stock after selling 378,455 shares during the period. Bamco Inc. NY owned about 0.24% of Coupang worth $138,650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Jupiter Asset Management Ltd. acquired a new stake in shares of Coupang in the second quarter valued at approximately $1,242,000. PNC Financial Services Group Inc. raised its position in shares of Coupang by 1.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 263,592 shares of the company’s stock worth $7,897,000 after purchasing an additional 3,290 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Coupang by 17.3% during the 2nd quarter. Geode Capital Management LLC now owns 7,877,160 shares of the company’s stock worth $236,000,000 after purchasing an additional 1,160,575 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in Coupang by 12.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 188,495 shares of the company’s stock valued at $5,647,000 after buying an additional 20,422 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Coupang by 25.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,897,027 shares of the company’s stock valued at $326,475,000 after buying an additional 2,210,447 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Key Coupang News

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Director Neil Mehta bought a total of ~7.35 million CPNG shares across March 11–13 (~$18.40–$18.68 per share), representing roughly $136.5M of purchases and boosting his stake to ~55.3M shares — a strong insider vote of confidence that can support the stock. Read More. Read More.
• Neutral Sentiment: Analysts’ reactions after Q4 are mixed — some note improving revenue growth but others highlight margin/earnings pressure and differing price targets, leaving near-term sentiment uncertain. Read More. Read More.
• Neutral Sentiment: Market commentary highlights elevated investor attention and mixed valuation signals — some argue recent share weakness creates an undervaluation opportunity, while others point to execution risks. Read More. Read More.
• Negative Sentiment: Near-term headwinds remain: recent quarterly results missed consensus on EPS and revenue, margins are thin and the stock trades below its 50-day and 200-day moving averages with a high trailing P/E, which can keep downward pressure absent clearer improvement in fundamentals. (Reference: analyst coverage and company Q4 commentary linked above.)

Coupang Stock Down 0.5%

CPNG stock opened at $18.46 on Friday. The stock has a market capitalization of $33.71 billion, a P/E ratio of 153.80 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.04. Coupang, Inc. has a one year low of $16.74 and a one year high of $34.08. The company has a 50 day moving average price of $19.58 and a two-hundred day moving average price of $25.73.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The business had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $9.12 billion. During the same period in the prior year, the company earned $0.04 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, Director Neil Mehta bought 3,000,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $18.68 per share, for a total transaction of $56,040,000.00. Following the completion of the purchase, the director owned 52,978,114 shares of the company’s stock, valued at $989,631,169.52. This trade represents a 6.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jonathan D. Lee sold 2,679 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $23.62, for a total value of $63,277.98. Following the transaction, the chief accounting officer owned 122,096 shares in the company, valued at $2,883,907.52. This trade represents a 2.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders purchased 7,350,104 shares of company stock valued at $136,566,051 over the last quarter. Insiders own 12.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CPNG. Nomura lowered 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. UBS Group set a $25.00 price objective on Coupang in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Friday, January 16th. Weiss Ratings cut Coupang from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. Finally, Mizuho cut 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. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.70.

Coupang Company 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.