Holocene Advisors LP Trims Position in Coupang, Inc. $CPNG

Holocene Advisors LP trimmed its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 14.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,457,799 shares of the company’s stock after selling 2,232,046 shares during the period. Coupang makes up about 1.0% of Holocene Advisors LP’s portfolio, making the stock its 12th biggest position. Holocene Advisors LP’s holdings in Coupang were worth $433,341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Coupang by 4.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,436 shares of the company’s stock worth $239,000 after purchasing an additional 330 shares during the last quarter. California State Teachers Retirement System grew its position in Coupang by 0.5% during the 3rd quarter. California State Teachers Retirement System now owns 78,679 shares of the company’s stock worth $2,533,000 after purchasing an additional 361 shares during the period. CIBC Asset Management Inc raised its stake in shares of Coupang by 0.6% during the 3rd quarter. CIBC Asset Management Inc now owns 65,029 shares of the company’s stock valued at $2,094,000 after buying an additional 364 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in shares of Coupang by 2.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 13,088 shares of the company’s stock valued at $421,000 after buying an additional 374 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Coupang by 2.7% in the 3rd quarter. Merit Financial Group LLC now owns 15,862 shares of the company’s stock valued at $511,000 after buying an additional 418 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Key Headlines Impacting Coupang

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.)

Analyst Ratings Changes

CPNG has been the topic of a number of recent research reports. Nomura lowered their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, January 16th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a research note on Monday, March 2nd. UBS Group set a $25.00 target price on shares of Coupang in a report on Thursday, February 19th. Finally, Citigroup decreased their target price on shares of Coupang from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.70.

Coupang Stock Down 0.5%

NYSE CPNG opened at $18.46 on Monday. The business has a fifty day moving average price of $19.58 and a 200 day moving average price of $25.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.04. The company has a market cap of $33.71 billion, a P/E ratio of 153.80 and a beta of 1.20. Coupang, Inc. has a one year low of $16.74 and a one year high of $34.08.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Coupang had a net margin of 0.60% and a return on equity of 4.52%. The business had revenue of $8.84 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same quarter in the previous year, the company posted $0.04 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. Research analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $23.62, for a total transaction of $63,277.98. Following the transaction, the chief accounting officer owned 122,096 shares of the company’s stock, valued at approximately $2,883,907.52. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Neil Mehta bought 2,332,863 shares of the company’s stock in a transaction on Friday, March 13th. The stock was bought at an average price of $18.40 per share, with a total value of $42,924,679.20. Following the completion of the acquisition, the director owned 55,310,977 shares in the company, valued at $1,017,721,976.80. This represents a 4.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 7,350,104 shares of company stock valued at $136,566,051 over the last 90 days. Company insiders own 12.78% of the company’s stock.

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.