Coupang, Inc. $CPNG Shares Sold by Cwm LLC

Cwm LLC trimmed its position in Coupang, Inc. (NYSE:CPNG) by 25.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,307 shares of the company’s stock after selling 39,318 shares during the period. Cwm LLC’s holdings in Coupang were worth $2,697,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in Coupang by 72.2% in the 4th quarter. Farther Finance Advisors LLC now owns 32,105 shares of the company’s stock worth $757,000 after buying an additional 13,461 shares during the last quarter. Assetmark Inc. boosted its holdings in Coupang by 9.5% in the 4th quarter. Assetmark Inc. now owns 7,150 shares of the company’s stock worth $169,000 after buying an additional 620 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Coupang by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 406,921 shares of the company’s stock worth $9,599,000 after buying an additional 9,849 shares during the last quarter. NBT Bank N A NY boosted its holdings in Coupang by 272.5% in the 4th quarter. NBT Bank N A NY now owns 32,050 shares of the company’s stock worth $756,000 after buying an additional 23,445 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Coupang by 8.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,132,629 shares of the company’s stock worth $286,209,000 after buying an additional 917,487 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CPNG shares. Sanford C. Bernstein reiterated an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Citigroup lowered their price objective on Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Barclays boosted their target price on Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings cut Coupang from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coupang currently has an average rating of “Hold” and a consensus price target of $27.30.

Coupang Stock Down 0.1%

Shares of CPNG opened at $20.58 on Friday. Coupang, Inc. has a 52-week low of $16.74 and a 52-week high of $34.08. The company has a market capitalization of $37.63 billion, a PE ratio of 171.53 and a beta of 1.16. The stock has a fifty day simple moving average of $19.26 and a two-hundred day simple moving average of $23.43. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 0.14.

Coupang (NYSE:CPNG) last issued its earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The company had revenue of $8.84 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same period last year, the business earned $0.04 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts forecast that Coupang, Inc. will post -0.78 EPS for the current year.

Insider Activity

In related news, Director Neil Mehta bought 2,332,863 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $18.40 per share, with a total value of $42,924,679.20. Following the purchase, the director directly owned 55,310,977 shares of the company’s stock, valued at $1,017,721,976.80. The trade was a 4.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders acquired 7,350,104 shares of company stock valued at $136,566,051. 12.78% of the stock is owned by company insiders.

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.