136,237 Shares in Coupang, Inc. $CPNG Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in shares of Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 136,237 shares of the company’s stock, valued at approximately $3,214,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in Coupang during the 3rd quarter worth approximately $26,000. Fifth Third Bancorp increased its holdings in Coupang by 1,250.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after acquiring an additional 1,000 shares during the period. Colonial Trust Advisors bought a new stake in Coupang during the 3rd quarter worth approximately $48,000. LGT Financial Advisors LLC bought a new stake in Coupang during the 3rd quarter worth approximately $52,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Coupang during the 4th quarter worth approximately $60,000. Institutional investors own 83.72% of the company’s stock.

Insiders Place Their Bets

In related news, Director Neil Mehta purchased 2,332,863 shares of Coupang stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $18.40 per share, for a total transaction of $42,924,679.20. Following the completion of 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have bought 7,350,104 shares of company stock worth $136,566,051. 12.83% of the stock is currently owned by company insiders.

Coupang Trading Up 1.4%

NYSE:CPNG opened at $15.36 on Monday. The company has a 50-day moving average price of $18.26 and a 200-day moving average price of $20.51. Coupang, Inc. has a 12 month low of $15.03 and a 12 month 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 stock has a market cap of $27.56 billion, a price-to-earnings ratio of -170.59 and a beta of 1.13.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business 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 firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. Equities analysts predict that Coupang, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CPNG shares. Nomura decreased their target price on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report on Wednesday, May 6th. Citigroup lowered shares of Coupang from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $22.20 in a report on Wednesday, May 6th. Barclays increased their price target on shares of Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Coupang currently has a consensus rating of “Hold” and a consensus target price of $26.92.

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.