Fiducient Advisors LLC Raises Position in Coupang, Inc. $CPNG

Fiducient Advisors LLC boosted its holdings in shares of Coupang, Inc. (NYSE:CPNGFree Report) by 265.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,271 shares of the company’s stock after buying an additional 42,336 shares during the period. Fiducient Advisors LLC’s holdings in Coupang were worth $1,876,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CPNG. Dodge & Cox raised its holdings in shares of Coupang by 14.3% in the 2nd quarter. Dodge & Cox now owns 46,614,520 shares of the company’s stock valued at $1,396,571,000 after acquiring an additional 5,829,600 shares in the last quarter. Durable Capital Partners LP increased its position in shares of Coupang by 7.5% in the second quarter. Durable Capital Partners LP now owns 24,743,982 shares of the company’s stock worth $741,330,000 after purchasing an additional 1,734,980 shares during the last quarter. Norges Bank purchased a new stake in Coupang in the second quarter valued at approximately $587,186,000. Holocene Advisors LP raised its stake in Coupang by 24.5% in the second quarter. Holocene Advisors LP now owns 15,689,845 shares of the company’s stock valued at $470,068,000 after purchasing an additional 3,083,854 shares in the last quarter. Finally, State Street Corp lifted its position in Coupang by 8.4% during the second quarter. State Street Corp now owns 15,641,775 shares of the company’s stock valued at $468,628,000 after purchasing an additional 1,210,801 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPNG. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, January 16th. Morgan Stanley reiterated an “overweight” rating on shares of Coupang in a research report on Monday, January 5th. Bank of America raised their price target on Coupang from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Barclays lifted their price target on Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Finally, Mizuho increased their price objective on Coupang from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.57.

Read Our Latest Stock Analysis on Coupang

Key Headlines Impacting Coupang

Here are the key news stories impacting Coupang this week:

Coupang Stock Performance

Coupang stock opened at $20.23 on Thursday. The firm has a fifty day simple moving average of $24.64 and a two-hundred day simple moving average of $28.51. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. Coupang, Inc. has a twelve month low of $19.02 and a twelve month high of $34.08. The company has a market capitalization of $36.96 billion, a PE ratio of 96.35 and a beta of 1.20.

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

Insider Buying and Selling

In related news, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $31.98, for a total value of $372,662.94. Following the transaction, the vice president directly owned 147,023 shares of the company’s stock, valued at $4,701,795.54. The trade was a 7.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jonathan D. Lee sold 2,679 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $23.62, for a total transaction of $63,277.98. Following the sale, the chief accounting officer owned 122,096 shares of the company’s stock, valued at $2,883,907.52. This represents a 2.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 12.78% of the stock is owned by insiders.

Coupang Company Profile

(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.

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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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