Sands Capital Alternatives LLC Purchases 75,418 Shares of Coupang, Inc. $CPNG

Sands Capital Alternatives LLC grew its position in Coupang, Inc. (NYSE:CPNG) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 870,424 shares of the company’s stock after purchasing an additional 75,418 shares during the period. Coupang makes up 4.0% of Sands Capital Alternatives LLC’s holdings, making the stock its 6th largest position. Sands Capital Alternatives LLC’s holdings in Coupang were worth $20,533,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CPNG. Vanguard Group Inc. increased its holdings in shares of Coupang by 343.5% in the third quarter. Vanguard Group Inc. now owns 28,595,825 shares of the company’s stock valued at $920,786,000 after purchasing an additional 22,147,432 shares during the period. Norges Bank acquired a new position in shares of Coupang in the fourth quarter valued at about $498,333,000. Capital International Investors increased its holdings in shares of Coupang by 20.4% in the fourth quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock valued at $970,340,000 after purchasing an additional 6,977,942 shares during the period. Bank of America Corp DE increased its holdings in shares of Coupang by 198.8% in the third quarter. Bank of America Corp DE now owns 5,510,247 shares of the company’s stock valued at $177,430,000 after purchasing an additional 3,666,227 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Coupang by 249.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,685,047 shares of the company’s stock valued at $150,859,000 after purchasing an additional 3,343,171 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Up 0.2%

Coupang stock opened at $16.86 on Monday. The firm has a market cap of $30.26 billion, a price-to-earnings ratio of -187.28 and a beta of 1.13. Coupang, Inc. has a 52 week low of $14.92 and a 52 week high of $34.08. The business’s 50-day moving average price is $18.01 and its 200 day moving average price is $20.11. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16.

Coupang (NYSE:CPNG) last posted its earnings results 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 return on equity of 3.67% and a negative net margin of 0.47%.The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.48 billion. During the same period last year, the business earned $0.06 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Coupang, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings lowered Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. UBS Group set a $25.00 target price on Coupang in a report on Thursday, February 19th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Wall Street Zen lowered Coupang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 14th. Finally, Morgan Stanley dropped their target price on Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Coupang presently 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.