Quantinno Capital Management LP Increases Position in Coupang, Inc. $CPNG

Quantinno Capital Management LP increased its position in shares of Coupang, Inc. (NYSE:CPNG) by 40.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 730,966 shares of the company’s stock after purchasing an additional 211,260 shares during the period. Quantinno Capital Management LP’s holdings in Coupang were worth $13,801,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in Coupang during the third quarter valued at about $26,000. Reflection Asset Management purchased a new stake in shares of Coupang during the fourth quarter worth about $28,000. LGT Financial Advisors LLC purchased a new stake in shares of Coupang during the third quarter worth about $52,000. Webster Bank N. A. raised its stake in Coupang by 325.8% during the 1st quarter. Webster Bank N. A. now owns 1,699 shares of the company’s stock valued at $32,000 after purchasing an additional 1,300 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Coupang during the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Price Performance

Shares of Coupang stock opened at $16.41 on Monday. The firm has a market cap of $29.45 billion, a PE ratio of -182.29 and a beta of 1.13. The stock has a 50 day moving average of $16.99 and a 200 day moving average of $18.30. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Coupang, Inc. has a 12 month low of $14.92 and a 12 month high of $34.08.

Coupang (NYSE:CPNG) last released its quarterly earnings data 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 firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same period in the previous year, the firm earned $0.06 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. On average, research analysts expect that Coupang, Inc. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CPNG has been the subject of a number of research analyst reports. Mizuho cut their price objective on shares of Coupang from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday. The Goldman Sachs Group set a $31.00 target price on shares of Coupang in a report on Thursday, July 9th. CLSA assumed coverage on shares of Coupang in a research report on Monday, June 15th. They set an “outperform” rating and a $24.00 target price for the company. Citigroup cut shares of Coupang from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $22.20 in a research note on Wednesday, May 6th. Finally, Barclays reiterated an “overweight” rating and issued a $29.00 price target on shares of Coupang in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.93.

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.