Nykredit A S Takes Position in Coupang, Inc. $CPNG

Nykredit A S purchased a new position in Coupang, Inc. (NYSE:CPNG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,104 shares of the company’s stock, valued at approximately $1,270,000.

A number of other large investors also recently modified their holdings of CPNG. Sunbelt Securities Inc. bought a new stake in Coupang during the 3rd quarter worth approximately $26,000. Reflection Asset Management bought a new position in Coupang in the 4th quarter valued at $28,000. Webster Bank N. A. boosted its holdings in Coupang by 325.8% in the 1st quarter. Webster Bank N. A. now owns 1,699 shares of the company’s stock valued at $32,000 after purchasing an additional 1,300 shares during the period. Main Street Group LTD bought a new position in Coupang in the 1st quarter valued at $40,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Coupang during the 4th quarter valued at $42,000. 83.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CPNG. Bank of America decreased their price target on shares of Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Coupang in a research note on Tuesday, August 4th. CLSA began coverage on Coupang in a research report on Monday, June 15th. They set an “outperform” rating and a $24.00 target price for the company. The Goldman Sachs Group set a $31.00 target price on Coupang in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and lowered their price target for the company from $23.00 to $21.50 in a report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Coupang currently has a consensus rating of “Hold” and an average target price of $25.39.

Insiders Place Their Bets

In other Coupang news, insider Harold Rogers sold 192,110 shares of Coupang stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the completion of the sale, the insider owned 740,931 shares of the company’s stock, valued at $11,988,263.58. The trade was a 20.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jonathan D. Lee sold 5,519 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $16.10, for a total value of $88,855.90. Following the completion of the transaction, the chief accounting officer owned 181,915 shares of the company’s stock, valued at $2,928,831.50. The trade was a 2.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.83% of the stock is owned by corporate insiders.

Coupang Price Performance

Shares of NYSE:CPNG opened at $15.26 on Tuesday. The company’s fifty day moving average price is $16.65 and its 200-day moving average price is $17.71. The firm has a market capitalization of $27.43 billion, a price-to-earnings ratio of -35.49 and a beta of 1.15. Coupang, Inc. has a one year low of $14.92 and a one year high of $34.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.87 and a quick ratio of 0.68.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.18. Coupang had a negative net margin of 2.16% and a negative return on equity of 8.77%. The firm had revenue of $8.86 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter last year, the company posted $0.02 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Coupang, Inc. will post -0.46 earnings per share for the current fiscal 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.