Dimensional Fund Advisors LP Acquires 732,300 Shares of Coupang, Inc. $CPNG

Dimensional Fund Advisors LP lifted its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 20.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,366,766 shares of the company’s stock after purchasing an additional 732,300 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Coupang were worth $82,404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CPNG. Norges Bank acquired a new stake in shares of Coupang in the 4th quarter valued at $498,333,000. Assenagon Asset Management S.A. increased its position in Coupang by 1,394.1% during the first quarter. Assenagon Asset Management S.A. now owns 17,117,583 shares of the company’s stock worth $323,180,000 after buying an additional 15,971,942 shares during the last quarter. Tiger Global Management LLC increased its position in Coupang by 65.9% during the fourth quarter. Tiger Global Management LLC now owns 26,267,259 shares of the company’s stock worth $619,645,000 after buying an additional 10,429,680 shares during the last quarter. Capital International Investors raised its holdings in Coupang by 20.4% during the fourth quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock valued at $970,340,000 after buying an additional 6,977,942 shares in the last quarter. Finally, Dragoneer Investment Group LLC raised its holdings in Coupang by 47.1% during the fourth quarter. Dragoneer Investment Group LLC now owns 21,576,556 shares of the company’s stock valued at $508,991,000 after buying an additional 6,910,865 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

CPNG has been the subject of a number of analyst reports. Citigroup cut Coupang from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $22.20 in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft lowered Coupang from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a report on Wednesday, May 6th. CLSA began coverage on Coupang in a research note on Monday, June 15th. They issued an “outperform” rating and a $24.00 price objective on the stock. Bank of America reduced their target price on Coupang from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Mizuho decreased their target price on Coupang from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday. Five 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.com, Coupang currently has a consensus rating of “Hold” and a consensus price target of $25.93.

Coupang Stock Performance

NYSE:CPNG opened at $16.14 on Friday. The firm has a market capitalization of $28.96 billion, a PE ratio of -179.26 and a beta of 1.11. Coupang, Inc. has a 1 year low of $14.92 and a 1 year high of $34.08. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $16.99 and its 200 day simple moving average is $18.34.

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). Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.48 billion. During the same period in the prior year, the firm earned $0.06 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Coupang, Inc. will post -0.33 EPS for the current year.

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.