Ossiam increased its position in shares of Coupang, Inc. (NYSE:CPNG – Free Report) by 8,403.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 416,856 shares of the company’s stock after purchasing an additional 411,954 shares during the quarter. Ossiam’s holdings in Coupang were worth $13,423,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Coupang in the third quarter valued at $32,000. Hilltop National Bank purchased a new stake in shares of Coupang in the 3rd quarter worth about $34,000. Fifth Third Bancorp grew its stake in Coupang by 1,250.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Coupang in the 3rd quarter valued at about $40,000. Finally, Loomis Sayles & Co. L P purchased a new position in Coupang during the 2nd quarter valued at about $45,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CPNG has been the subject of a number of research reports. Mizuho cut their target price on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Nomura lowered their price target on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Barclays boosted their price objective on shares of Coupang from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Friday, January 16th. Finally, Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.70.
Insider Activity at Coupang
In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $23.62, for a total value of $63,277.98. Following the completion of the transaction, the chief accounting officer owned 122,096 shares in the company, valued at $2,883,907.52. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Neil Mehta acquired 3,000,000 shares of the stock in a transaction 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 transaction, the director directly owned 52,978,114 shares of the company’s stock, valued at $989,631,169.52. This represents a 6.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 7,350,104 shares of company stock worth $136,566,051 over the last three months. 12.78% of the stock is currently owned by corporate insiders.
Coupang Price Performance
Coupang stock opened at $18.46 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.04 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $33.71 billion, a P/E ratio of 153.80 and a beta of 1.20. The firm has a fifty day moving average of $19.58 and a 200-day moving average of $25.75. Coupang, Inc. has a 52-week low of $16.74 and a 52-week high of $34.08.
Coupang (NYSE:CPNG – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The business had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $9.12 billion. During the same period last year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, analysts predict that Coupang, Inc. will post 0.17 EPS for the current year.
More Coupang News
Here are the key news stories impacting Coupang this week:
- Positive Sentiment: Director Neil Mehta bought a total of ~7.35 million CPNG shares across March 11–13 (~$18.40–$18.68 per share), representing roughly $136.5M of purchases and boosting his stake to ~55.3M shares — a strong insider vote of confidence that can support the stock. Read More. Read More.
- Neutral Sentiment: Analysts’ reactions after Q4 are mixed — some note improving revenue growth but others highlight margin/earnings pressure and differing price targets, leaving near-term sentiment uncertain. Read More. Read More.
- Neutral Sentiment: Market commentary highlights elevated investor attention and mixed valuation signals — some argue recent share weakness creates an undervaluation opportunity, while others point to execution risks. Read More. Read More.
- Negative Sentiment: Near-term headwinds remain: recent quarterly results missed consensus on EPS and revenue, margins are thin and the stock trades below its 50-day and 200-day moving averages with a high trailing P/E, which can keep downward pressure absent clearer improvement in fundamentals. (Reference: analyst coverage and company Q4 commentary linked above.)
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.
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