Aubrey Capital Management Ltd Takes $15.13 Million Position in Coupang, Inc. $CPNG

Aubrey Capital Management Ltd purchased a new stake in shares of Coupang, Inc. (NYSE:CPNGFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 470,000 shares of the company’s stock, valued at approximately $15,134,000. Coupang comprises 4.8% of Aubrey Capital Management Ltd’s holdings, making the stock its 7th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Albion Financial Group UT purchased a new stake in Coupang in the second quarter worth about $30,000. Hilltop National Bank bought a new position in Coupang in the 3rd quarter worth $34,000. Root Financial Partners LLC purchased a new position in shares of Coupang in the third quarter worth $40,000. Loomis Sayles & Co. L P bought a new position in Coupang during the second quarter valued at approximately $45,000. Finally, Hollencrest Capital Management increased its holdings in shares of Coupang by 3,246.0% in the 2nd quarter. Hollencrest Capital Management now owns 1,673 shares of the company’s stock worth $50,000 after buying an additional 1,623 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CPNG shares. Bank of America boosted their price objective on Coupang from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Mizuho boosted their price objective on shares of Coupang from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Zacks Research upgraded shares of Coupang from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Morgan Stanley restated an “overweight” rating on shares of Coupang in a research report on Monday, January 5th. Finally, Barclays boosted their price objective on Coupang from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.57.

Read Our Latest Report on Coupang

Coupang Stock Down 1.2%

Shares of CPNG opened at $20.23 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The firm has a market cap of $36.96 billion, a P/E ratio of 96.35 and a beta of 1.20. The company’s 50-day moving average price is $24.64 and its 200 day moving average price is $28.51. Coupang, Inc. has a 12-month low of $19.02 and a 12-month high of $34.08.

Coupang (NYSE:CPNGGet Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $9.27 billion during the quarter, compared to the consensus estimate of $9.13 billion. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. On average, sell-side analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 122,096 shares of the company’s stock, valued at approximately $2,883,907.52. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction dated 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 directly owned 147,023 shares of the company’s stock, valued at $4,701,795.54. This trade represents a 7.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 12.78% of the stock is currently owned by company insiders.

Coupang News Summary

Here are the key news stories impacting Coupang this week:

About Coupang

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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