Coupang, Inc. $CPNG Stock Position Increased by Eminence Capital LP

Eminence Capital LP increased its stake in Coupang, Inc. (NYSE:CPNG) by 34.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,644,042 shares of the company’s stock after buying an additional 3,209,657 shares during the period. Coupang accounts for about 4.7% of Eminence Capital LP’s holdings, making the stock its 5th largest holding. Eminence Capital LP owned 0.69% of Coupang worth $298,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Coupang by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after buying an additional 951,812 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Coupang by 112.5% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 218,000 shares of the company’s stock worth $7,020,000 after buying an additional 115,426 shares during the last quarter. Ethic Inc. grew its stake in shares of Coupang by 383.2% in the 4th quarter. Ethic Inc. now owns 126,154 shares of the company’s stock worth $2,976,000 after buying an additional 100,047 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Coupang by 114.6% in the 3rd quarter. William Blair Investment Management LLC now owns 2,205,332 shares of the company’s stock worth $71,012,000 after buying an additional 1,177,875 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Coupang by 333.6% in the 3rd quarter. Bank of Nova Scotia now owns 879,000 shares of the company’s stock worth $28,304,000 after buying an additional 676,300 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CPNG shares. Wall Street Zen downgraded Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Citigroup downgraded Coupang from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $22.20 in a research note on Wednesday, May 6th. Barclays increased their target price on Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Mizuho cut their target price on Coupang from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research note on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.65.

Coupang Stock Performance

Shares of CPNG opened at $18.87 on Thursday. The business’s fifty day simple moving average is $17.95 and its two-hundred day simple 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. Coupang, Inc. has a 12 month low of $14.92 and a 12 month high of $34.08. The company has a market cap of $33.87 billion, a price-to-earnings ratio of -209.60 and a beta of 1.12.

Coupang (NYSE:CPNG) last issued 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 net margin of 0.47% and a negative return on equity of 3.67%. The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.48 billion. During the same quarter in the prior year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts anticipate that Coupang, Inc. will post -0.17 earnings per share for the current fiscal year.

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.