Coupang, Inc. $CPNG Position Trimmed by Kontiki Capital Management HK Ltd.

Kontiki Capital Management HK Ltd. reduced its position in shares of Coupang, Inc. (NYSE:CPNG) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,791,698 shares of the company’s stock after selling 1,090,349 shares during the period. Coupang accounts for about 11.6% of Kontiki Capital Management HK Ltd.’s portfolio, making the stock its 4th largest holding. Kontiki Capital Management HK Ltd. owned 0.37% of Coupang worth $218,693,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in Coupang in the 3rd quarter valued at $32,000. Hilltop National Bank purchased a new stake in shares of Coupang during the third quarter worth $34,000. Fifth Third Bancorp grew its holdings in shares of Coupang by 1,250.0% during the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Root Financial Partners LLC acquired a new position in Coupang during the third quarter worth about $40,000. Finally, Loomis Sayles & Co. L P acquired a new position in Coupang during the second quarter worth about $45,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coupang

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

Coupang Stock Up 10.8%

CPNG stock opened at $20.45 on Tuesday. Coupang, Inc. has a one year low of $16.74 and a one year high of $34.08. The firm has a market cap of $37.35 billion, a PE ratio of 170.39 and a beta of 1.20. The firm’s 50 day moving average price is $19.53 and its 200-day moving average price is $25.66. 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 (NYSE:CPNG) last posted its earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $9.12 billion. During the same period last year, the business earned $0.04 EPS. Coupang’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on CPNG shares. Nomura cut their price objective on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Barclays upped their price target on Coupang from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Citigroup cut their price target on Coupang from $27.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. UBS Group set a $25.00 price objective on Coupang in a research note on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Coupang has an average rating of “Hold” and an average target price of $26.70.

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.