857,683 Shares in Coupang, Inc. $CPNG Bought by Columbus Hill Capital Management L.P.

Columbus Hill Capital Management L.P. purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 857,683 shares of the company’s stock, valued at approximately $20,233,000. Coupang makes up 2.8% of Columbus Hill Capital Management L.P.’s portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its stake in Coupang by 26.0% during the 4th quarter. Advisors Asset Management Inc. now owns 8,283 shares of the company’s stock worth $195,000 after acquiring an additional 1,709 shares in the last quarter. Douglass Winthrop Advisors LLC raised its stake in Coupang by 117.8% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 3,006,825 shares of the company’s stock worth $70,931,000 after acquiring an additional 1,626,181 shares in the last quarter. Insigneo Advisory Services LLC acquired a new stake in Coupang during the 4th quarter worth $318,000. MetLife Investment Management LLC raised its stake in Coupang by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 84,500 shares of the company’s stock worth $1,993,000 after acquiring an additional 5,004 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Coupang during the 4th quarter worth $6,836,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Trading Down 2.3%

Shares of Coupang stock opened at $16.86 on Friday. Coupang, Inc. has a 52-week low of $14.92 and a 52-week high of $34.08. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The company’s 50-day simple moving average is $18.01 and its 200-day simple moving average is $20.17. The firm has a market cap of $30.26 billion, a price-to-earnings ratio of -187.28 and a beta of 1.12.

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 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 quarter last year, the firm earned $0.06 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Coupang, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPNG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research note on Wednesday, May 6th. Morgan Stanley cut their price target on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Nomura dropped their price objective on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Finally, Weiss Ratings lowered shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.92.

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.