Rit Capital Partners PLC Buys 91,550 Shares of Coupang, Inc. $CPNG

Rit Capital Partners PLC boosted its stake in shares of Coupang, Inc. (NYSE:CPNGFree Report) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,700,750 shares of the company’s stock after purchasing an additional 91,550 shares during the period. Coupang accounts for about 11.8% of Rit Capital Partners PLC’s investment portfolio, making the stock its biggest holding. Rit Capital Partners PLC owned 0.15% of Coupang worth $86,937,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CPNG. Norges Bank acquired a new stake in Coupang in the second quarter valued at $587,186,000. Eminence Capital LP bought a new stake in Coupang in the second quarter valued at approximately $204,840,000. Dodge & Cox increased its holdings in shares of Coupang by 14.3% during the 2nd quarter. Dodge & Cox now owns 46,614,520 shares of the company’s stock worth $1,396,571,000 after acquiring an additional 5,829,600 shares during the last quarter. Marshall Wace LLP raised its stake in Coupang by 115.9% in the 2nd quarter. Marshall Wace LLP now owns 6,360,239 shares of the company’s stock valued at $190,553,000 after acquiring an additional 3,414,359 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Coupang by 291.2% during the 2nd quarter. American Century Companies Inc. now owns 4,343,079 shares of the company’s stock valued at $130,119,000 after purchasing an additional 3,233,004 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CPNG shares. Bank of America lifted their price objective on shares of Coupang from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Mizuho upped their price target on shares of Coupang from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Zacks Research raised shares of Coupang from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Coupang in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Coupang currently has an average rating of “Moderate Buy” and a consensus target price of $32.57.

View Our Latest Research Report on CPNG

Coupang Stock Down 0.7%

NYSE CPNG opened at $20.02 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13. The company has a market cap of $36.56 billion, a price-to-earnings ratio of 95.32 and a beta of 1.20. The company has a 50 day moving average of $23.44 and a 200-day moving average of $27.90. Coupang, Inc. has a 1-year low of $18.55 and a 1-year high of $34.08.

Coupang (NYSE:CPNGGet Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The business had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.13 billion. During the same quarter in the prior year, the business posted $0.06 earnings per share. Coupang’s revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

More Coupang News

Here are the key news stories impacting Coupang this week:

Insider Buying and Selling at Coupang

In related news, CAO Jonathan D. Lee sold 2,679 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $23.62, for a total value of $63,277.98. Following the sale, the chief accounting officer directly owned 122,096 shares of the company’s stock, valued at $2,883,907.52. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 12.78% of the stock is currently owned by corporate insiders.

Coupang Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CPNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coupang, Inc. (NYSE:CPNGFree Report).

Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

Receive News & Ratings for Coupang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupang and related companies with MarketBeat.com's FREE daily email newsletter.