Natixis Advisors LLC Sells 570,302 Shares of Coupang, Inc. $CPNG

Natixis Advisors LLC lessened its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 45.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 687,386 shares of the company’s stock after selling 570,302 shares during the quarter. Natixis Advisors LLC’s holdings in Coupang were worth $16,215,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. AXQ Capital LP boosted its position in shares of Coupang by 55.9% during the 4th quarter. AXQ Capital LP now owns 69,892 shares of the company’s stock valued at $1,649,000 after acquiring an additional 25,068 shares during the last quarter. TenCore Partners LP bought a new stake in shares of Coupang during the 4th quarter valued at about $243,000. Ellevest Inc. boosted its position in shares of Coupang by 52.2% during the 4th quarter. Ellevest Inc. now owns 20,386 shares of the company’s stock valued at $481,000 after acquiring an additional 6,989 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Coupang during the 4th quarter valued at about $826,000. Finally, Norges Bank bought a new stake in shares of Coupang during the 4th quarter valued at about $498,333,000. Institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

NYSE:CPNG opened at $15.36 on Friday. The business has a 50 day moving average of $18.26 and a 200 day moving average of $20.56. The company has a market capitalization of $27.56 billion, a price-to-earnings ratio of -170.59 and a beta of 1.12. Coupang, Inc. has a 1-year low of $15.03 and a 1-year high of $34.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.76.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.48 billion. Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, sell-side analysts predict that Coupang, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CPNG. Morgan Stanley dropped their price target on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Sanford C. Bernstein reissued an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Wall Street Zen downgraded Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. Weiss Ratings downgraded Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.92.

Insiders Place Their Bets

In other news, Director Neil Mehta bought 2,332,863 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $18.40 per share, for a total transaction of $42,924,679.20. Following the transaction, the director directly owned 55,310,977 shares of the company’s stock, valued at $1,017,721,976.80. This represents a 4.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders purchased 7,350,104 shares of company stock valued at $136,566,051. Insiders own 12.83% of the company’s stock.

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.