Coupang, Inc. $CPNG Shares Bought by Barclays PLC

Barclays PLC grew its position in Coupang, Inc. (NYSE:CPNG) by 2,525.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,411,020 shares of the company’s stock after purchasing an additional 1,357,273 shares during the period. Barclays PLC owned approximately 0.08% of Coupang worth $45,435,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Coupang by 4.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,436 shares of the company’s stock worth $239,000 after buying an additional 330 shares during the period. CIBC Asset Management Inc increased its holdings in Coupang by 0.6% in the 3rd quarter. CIBC Asset Management Inc now owns 65,029 shares of the company’s stock valued at $2,094,000 after purchasing an additional 364 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in Coupang by 2.9% in the 3rd quarter. Resonant Capital Advisors LLC now owns 13,088 shares of the company’s stock valued at $421,000 after purchasing an additional 374 shares in the last quarter. Merit Financial Group LLC raised its position in Coupang by 2.7% in the third quarter. Merit Financial Group LLC now owns 15,862 shares of the company’s stock valued at $511,000 after purchasing an additional 418 shares during the period. Finally, Level Four Advisory Services LLC raised its position in Coupang by 2.2% in the third quarter. Level Four Advisory Services LLC now owns 20,916 shares of the company’s stock valued at $673,000 after purchasing an additional 441 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In other news, CAO Jonathan D. Lee sold 2,679 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 122,096 shares of the company’s stock, valued at approximately $2,883,907.52. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.78% of the company’s stock.

Coupang Trading Down 1.3%

NYSE:CPNG opened at $18.83 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.04. Coupang, Inc. has a one year low of $16.74 and a one year high of $34.08. The business’s 50-day simple moving average is $19.98 and its 200 day simple moving average is $25.99. The stock has a market cap of $34.39 billion, a price-to-earnings ratio of 156.89 and a beta of 1.20.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Coupang had a net margin of 0.60% and a return on equity of 4.52%. The business had revenue of $8.84 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same quarter last year, the business earned $0.04 EPS. Coupang’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CPNG shares. Nomura decreased their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Weiss Ratings downgraded Coupang from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. UBS Group set a $25.00 price target on Coupang in a research report on Thursday, February 19th. Mizuho decreased their price target on Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Finally, Sanford C. Bernstein reiterated an “underperform” rating on shares of Coupang in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.70.

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.