Hunting Hill Global Capital LLC Makes New $1.79 Million Investment in Coupang, Inc. $CPNG

Hunting Hill Global Capital LLC bought a new position in Coupang, Inc. (NYSE:CPNG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 75,916 shares of the company’s stock, valued at approximately $1,791,000. Coupang makes up approximately 1.2% of Hunting Hill Global Capital LLC’s investment portfolio, making the stock its 13th biggest position.

A number of other large investors have also added to or reduced their stakes in CPNG. California State Teachers Retirement System grew its stake in shares of Coupang by 0.5% during the third quarter. California State Teachers Retirement System now owns 78,679 shares of the company’s stock worth $2,533,000 after acquiring an additional 361 shares during the last quarter. Level Four Advisory Services LLC grew its stake in shares of Coupang by 2.2% during the third quarter. Level Four Advisory Services LLC now owns 20,916 shares of the company’s stock worth $673,000 after acquiring an additional 441 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Coupang by 19.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,651 shares of the company’s stock worth $86,000 after acquiring an additional 597 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Coupang by 6.6% during the third quarter. National Bank of Canada FI now owns 9,801 shares of the company’s stock worth $316,000 after acquiring an additional 609 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Coupang by 9.5% during the fourth quarter. Assetmark Inc. now owns 7,150 shares of the company’s stock worth $169,000 after acquiring an additional 620 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Price Performance

Shares of NYSE:CPNG opened at $18.87 on Thursday. Coupang, Inc. has a twelve month low of $14.92 and a twelve month high of $34.08. The company’s 50 day moving average is $17.95 and its 200 day moving average is $19.91. 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 company has a market cap of $33.87 billion, a PE ratio of -209.60 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 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 business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.48 billion. During the same quarter last year, the company posted $0.06 EPS. Coupang’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts forecast that Coupang, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

CPNG has been the topic of a number of research analyst reports. Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a research note on Monday, March 2nd. Nomura reduced their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. UBS Group set a $25.00 price target on Coupang in a research report on Thursday, February 19th. Morgan Stanley dropped their price target on Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered Coupang from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.65.

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.