Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 72,709 Shares of Coupang, Inc. $CPNG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Coupang, Inc. (NYSE:CPNG) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,888 shares of the company’s stock after selling 72,709 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Coupang were worth $7,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CPNG. Sunbelt Securities Inc. bought a new stake in Coupang during the third quarter valued at approximately $26,000. Fifth Third Bancorp lifted its position in Coupang by 1,250.0% during the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. Colonial Trust Advisors bought a new stake in Coupang during the third quarter valued at approximately $48,000. Cornerstone Planning Group LLC lifted its position in Coupang by 151.1% during the third quarter. Cornerstone Planning Group LLC now owns 1,554 shares of the company’s stock valued at $50,000 after purchasing an additional 935 shares during the last quarter. Finally, LGT Financial Advisors LLC bought a new stake in Coupang during the third quarter valued at approximately $52,000. 83.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CPNG shares. Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. Sanford C. Bernstein reiterated an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd. Barclays lifted their target price on shares of Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research report on Wednesday, May 6th. Finally, Mizuho dropped 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. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.92.

Coupang Trading Up 0.5%

Shares of CPNG opened at $16.71 on Wednesday. The firm has a market cap of $29.99 billion, a price-to-earnings ratio of -185.59 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.97. Coupang, Inc. has a fifty-two week low of $15.03 and a fifty-two week high of $34.08. The firm has a 50 day moving average price of $18.47 and a 200-day moving average price of $20.85.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.48 billion. Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. As a group, equities research analysts forecast that Coupang, Inc. will post -0.17 earnings per share for the current year.

Insider Buying and Selling at Coupang

In other Coupang news, Director Neil Mehta acquired 2,332,863 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $18.40 per share, for a total transaction of $42,924,679.20. Following the acquisition, the director owned 55,310,977 shares in the company, valued at $1,017,721,976.80. The trade was a 4.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have purchased 7,350,104 shares of company stock valued at $136,566,051. Insiders own 12.83% of the company’s stock.

About Coupang

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.