Cohen Capital Management Inc. Has $8.30 Million Stake in Coupang, Inc. $CPNG

Cohen Capital Management Inc. lifted its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 257,841 shares of the company’s stock after acquiring an additional 22,632 shares during the quarter. Coupang makes up about 1.3% of Cohen Capital Management Inc.’s portfolio, making the stock its 24th biggest holding. Cohen Capital Management Inc.’s holdings in Coupang were worth $8,302,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Albion Financial Group UT acquired a new position in shares of Coupang in the second quarter valued at $30,000. Hilltop National Bank bought a new stake in shares of Coupang during the 3rd quarter worth about $34,000. Loomis Sayles & Co. L P acquired a new position in Coupang in the 2nd quarter valued at about $45,000. Hollencrest Capital Management raised its holdings in Coupang by 3,246.0% in the 2nd quarter. Hollencrest Capital Management now owns 1,673 shares of the company’s stock valued at $50,000 after acquiring an additional 1,623 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in Coupang in the 2nd quarter valued at about $58,000. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

CPNG opened at $22.89 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 1.06. Coupang, Inc. has a 52-week low of $19.02 and a 52-week high of $34.08. The firm has a market cap of $41.80 billion, a P/E ratio of 108.99 and a beta of 1.20. The business’s fifty day moving average is $26.75 and its 200-day moving average is $29.16.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.13 billion. Coupang had a net margin of 1.16% and a return on equity of 6.95%. Coupang’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share. Sell-side analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Mizuho upped their target price on Coupang from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Arete Research began coverage on Coupang in a research note on Thursday, September 18th. They issued a “buy” rating and a $40.00 price target for the company. Barclays increased their price objective on Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Bank of America boosted their target price on shares of Coupang from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Nomura lowered their price target on shares of Coupang from $38.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.25.

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 11,653 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $31.98, for a total value of $372,662.94. Following the sale, the vice president owned 147,023 shares of the company’s stock, valued at approximately $4,701,795.54. This trade represents a 7.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jonathan D. Lee sold 2,679 shares of Coupang stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $23.62, for a total value of $63,277.98. Following the completion of the transaction, the chief accounting officer owned 122,096 shares in the company, valued at approximately $2,883,907.52. The trade was a 2.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.