Coupang, Inc. $CPNG is Sands Capital Alternatives LLC’s 6th Largest Position

Sands Capital Alternatives LLC increased its stake in shares of Coupang, Inc. (NYSE:CPNG) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 870,424 shares of the company’s stock after purchasing an additional 75,418 shares during the quarter. Coupang makes up 4.0% of Sands Capital Alternatives LLC’s holdings, making the stock its 6th largest position. Sands Capital Alternatives LLC’s holdings in Coupang were worth $20,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in shares of Coupang during the 3rd quarter worth $26,000. Fifth Third Bancorp lifted its stake in shares of Coupang by 1,250.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares during the last quarter. Colonial Trust Advisors purchased a new stake in shares of Coupang during the 3rd quarter worth $48,000. LGT Financial Advisors LLC purchased a new stake in shares of Coupang during the 3rd quarter worth $52,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Coupang during the 4th quarter worth $60,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Trading Up 0.2%

Coupang stock opened at $16.86 on Monday. The stock has a 50-day moving average of $18.01 and a two-hundred day moving average of $20.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.97. The stock has a market cap of $30.26 billion, a PE ratio of -187.28 and a beta of 1.13. Coupang, Inc. has a one year low of $14.92 and a one year high of $34.08.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.48 billion. Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. On average, research analysts anticipate that Coupang, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings cut Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. UBS Group set a $25.00 price target on Coupang in a research note on Thursday, February 19th. Citigroup cut Coupang from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $22.20 in a research note on Wednesday, May 6th. Morgan Stanley decreased their price target on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Finally, Barclays increased their price target on Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.92.

About Coupang

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.