Thompson Siegel & Walmsley LLC Invests $826,000 in Coupang, Inc. $CPNG

Thompson Siegel & Walmsley LLC purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 35,000 shares of the company’s stock, valued at approximately $826,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Coupang by 72.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,316 shares of the company’s stock worth $99,000 after buying an additional 1,395 shares during the period. Baird Financial Group Inc. lifted its stake in Coupang by 52.8% during the 2nd quarter. Baird Financial Group Inc. now owns 23,471 shares of the company’s stock valued at $703,000 after acquiring an additional 8,107 shares during the period. Cerity Partners LLC lifted its stake in Coupang by 48.1% during the 2nd quarter. Cerity Partners LLC now owns 45,252 shares of the company’s stock valued at $1,356,000 after acquiring an additional 14,703 shares during the period. State Street Corp boosted its holdings in shares of Coupang by 8.4% in the 2nd quarter. State Street Corp now owns 15,641,775 shares of the company’s stock valued at $468,628,000 after acquiring an additional 1,210,801 shares during the last quarter. Finally, AXA S.A. acquired a new stake in shares of Coupang in the second quarter worth $411,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling

In other news, Director Neil Mehta acquired 3,000,000 shares of Coupang stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $18.68 per share, with a total value of $56,040,000.00. Following the purchase, the director owned 52,978,114 shares in the company, valued at $989,631,169.52. This trade represents a 6.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders acquired 7,350,104 shares of company stock valued at $136,566,051. 12.83% of the stock is currently owned by corporate insiders.

Coupang Stock Up 0.5%

NYSE CPNG opened at $16.71 on Wednesday. The business has a fifty day moving average price of $18.47 and a 200 day moving average price of $20.85. Coupang, Inc. has a one year low of $15.03 and a one year high of $34.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.97. The company has a market cap of $29.99 billion, a P/E ratio of -185.59 and a beta of 1.12.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a research note on Wednesday, May 6th. UBS Group set a $25.00 price objective on shares of Coupang in a research note on Thursday, February 19th. Sanford C. Bernstein reiterated an “underperform” rating on shares of Coupang in a research note on Monday, March 2nd. Finally, Weiss Ratings downgraded Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Coupang presently has an average rating of “Hold” and a consensus price target of $26.92.

About Coupang

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.