Davidson Kahn Capital Management LLC Buys 25,829 Shares of Coupang, Inc. $CPNG

Davidson Kahn Capital Management LLC boosted its stake in Coupang, Inc. (NYSE:CPNG) by 24.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,349 shares of the company’s stock after purchasing an additional 25,829 shares during the quarter. Coupang comprises about 1.6% of Davidson Kahn Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Davidson Kahn Capital Management LLC’s holdings in Coupang were worth $3,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Coupang by 43.4% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,127,855 shares of the company’s stock valued at $26,616,000 after acquiring an additional 341,534 shares during the period. Steele Capital Management Inc. acquired a new position in Coupang in the fourth quarter valued at about $262,000. Institute for Wealth Management LLC. grew its stake in Coupang by 191.1% in the fourth quarter. Institute for Wealth Management LLC. now owns 23,749 shares of the company’s stock valued at $560,000 after acquiring an additional 15,590 shares during the period. Shelton Wealth Management LLC grew its stake in Coupang by 14.2% in the fourth quarter. Shelton Wealth Management LLC now owns 10,557 shares of the company’s stock valued at $249,000 after acquiring an additional 1,316 shares during the period. Finally, PDS Planning Inc grew its stake in Coupang by 21.8% in the fourth quarter. PDS Planning Inc now owns 9,300 shares of the company’s stock valued at $219,000 after acquiring an additional 1,665 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Down 4.7%

CPNG stock opened at $20.49 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 0.79. The stock has a market capitalization of $37.46 billion, a P/E ratio of 170.76 and a beta of 1.16. The business has a 50-day moving average of $19.13 and a 200-day moving average of $23.47. Coupang, Inc. has a fifty-two week low of $16.74 and a fifty-two week high of $34.08.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $8.84 billion for the quarter, compared to analyst estimates of $9.12 billion. Coupang had a return on equity of 4.52% and a net margin of 0.60%.The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 earnings per share. On average, sell-side analysts anticipate that Coupang, Inc. will post -0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports 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 note on Monday, March 2nd. Citigroup decreased their target price on Coupang from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Morgan Stanley decreased their target price on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Wall Street Zen cut Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Finally, UBS Group set a $25.00 target price on Coupang in a research note on Thursday, February 19th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.70.

Insider Buying and Selling at Coupang

In other news, Director Neil Mehta acquired 3,000,000 shares of Coupang stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $18.68 per share, with a total value of $56,040,000.00. Following the completion of the transaction, the director directly owned 52,978,114 shares of the company’s stock, valued at approximately $989,631,169.52. This represents a 6.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 7,350,104 shares of company stock worth $136,566,051 over the last ninety days. 12.78% of the stock is owned by corporate insiders.

Coupang Company 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.