Coupang, Inc. $CPNG Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its position in Coupang, Inc. (NYSE:CPNG) by 35.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,889 shares of the company’s stock after acquiring an additional 44,045 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Coupang were worth $4,008,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Dodge & Cox boosted its holdings in shares of Coupang by 0.7% in the third quarter. Dodge & Cox now owns 46,947,720 shares of the company’s stock valued at $1,511,717,000 after acquiring an additional 333,200 shares during the period. Capital International Investors lifted its holdings in shares of Coupang by 20.4% during the fourth quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock worth $970,340,000 after purchasing an additional 6,977,942 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Coupang by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after purchasing an additional 951,812 shares during the period. Durable Capital Partners LP lifted its holdings in shares of Coupang by 0.4% during the third quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock worth $799,629,000 after purchasing an additional 89,207 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Coupang by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 24,327,724 shares of the company’s stock worth $574,068,000 after purchasing an additional 1,689,293 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Coupang

In other news, Director Neil Mehta purchased 2,332,863 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $18.40 per share, for a total transaction of $42,924,679.20. Following the completion of the transaction, the director directly owned 55,310,977 shares in the company, valued at $1,017,721,976.80. This represents a 4.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 12.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CPNG shares. Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a report on Wednesday, May 6th. Morgan Stanley decreased their price target on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. UBS Group set a $25.00 price target on Coupang in a report on Thursday, February 19th. Finally, Citigroup downgraded Coupang from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $22.20 in a report on Wednesday, May 6th. 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. Based on data from MarketBeat, Coupang presently has a consensus rating of “Hold” and a consensus price target of $26.92.

Coupang Trading Down 5.4%

NYSE:CPNG opened at $15.05 on Thursday. The stock has a fifty day moving average price of $18.09 and a two-hundred day moving average price of $20.26. The stock has a market capitalization of $27.01 billion, a price-to-earnings ratio of -167.16 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 1 year low of $14.92 and a 1 year high of $34.08.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations 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 company posted $0.06 EPS. As a group, sell-side analysts anticipate that Coupang, Inc. will post -0.17 earnings per share for the current fiscal year.

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.