Rathbones Group PLC Buys Shares of 45,932 Coupang, Inc. $CPNG

Rathbones Group PLC bought a new stake in Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 45,932 shares of the company’s stock, valued at approximately $1,084,000.

Other large investors also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in Coupang in the third quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in Coupang in the third quarter valued at about $32,000. Fifth Third Bancorp lifted its position in 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 buying an additional 1,000 shares during the last quarter. Root Financial Partners LLC acquired a new position in Coupang in the third quarter valued at about $40,000. Finally, Colonial Trust Advisors acquired a new position in Coupang in the third quarter valued at about $48,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Up 2.3%

Shares of NYSE:CPNG opened at $16.09 on Friday. 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 firm has a market capitalization of $28.88 billion, a PE ratio of -178.72 and a beta of 1.20. The firm’s 50-day moving average is $18.88 and its two-hundred day moving average is $21.49. Coupang, Inc. has a 1 year low of $15.03 and a 1 year high of $34.08.

Coupang (NYSE:CPNG) last issued its quarterly 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 return on equity of 3.67% and a negative net margin of 0.47%.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 company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts predict that Coupang, Inc. will post -0.17 EPS for the current year.

Insider Buying and Selling at Coupang

In other news, Director Neil Mehta bought 2,332,863 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $18.40 per share, for a total transaction of $42,924,679.20. Following the completion of the purchase, the director owned 55,310,977 shares of the company’s stock, valued at approximately $1,017,721,976.80. This represents a 4.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 7,350,104 shares of company stock worth $136,566,051 in the last 90 days. 12.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of recent research reports. Nomura cut their price target on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Barclays boosted their price target on shares of Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Mizuho cut their price target on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Finally, UBS Group set a $25.00 price target on shares of Coupang in a research note on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.