Handelsbanken Fonder AB Has $15.46 Million Stake in Coupang, Inc. $CPNG

Handelsbanken Fonder AB trimmed its stake in shares of Coupang, Inc. (NYSE:CPNGFree Report) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 655,352 shares of the company’s stock after selling 77,566 shares during the period. Handelsbanken Fonder AB’s holdings in Coupang were worth $15,460,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CPNG. Sunbelt Securities Inc. acquired a new position in shares of Coupang during the third quarter worth approximately $26,000. Orion Capital Management LLC acquired a new position in shares of Coupang during the third quarter worth approximately $32,000. Fifth Third Bancorp lifted its position in shares of Coupang by 1,250.0% during the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Coupang during the third quarter worth approximately $40,000. Finally, Colonial Trust Advisors acquired a new position in shares of Coupang during the third quarter worth approximately $48,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Neil Mehta bought 2,332,863 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $18.40 per share, for a total transaction of $42,924,679.20. Following the completion of the acquisition, the director owned 55,310,977 shares in the company, valued at approximately $1,017,721,976.80. This trade represents a 4.40% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 7,350,104 shares of company stock valued at $136,566,051 in the last quarter. Company insiders own 12.78% of the company’s stock.

Coupang Trading Up 2.4%

CPNG opened at $15.63 on Thursday. The firm’s fifty day moving average is $19.00 and its two-hundred day moving average is $21.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.97. The firm has a market cap of $28.05 billion, a PE ratio of -173.59 and a beta of 1.20. Coupang, Inc. has a twelve month low of $15.03 and a twelve month high of $34.08.

Coupang (NYSE:CPNGGet Free Report) last posted its 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). The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates 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 for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. Equities research analysts anticipate that Coupang, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Citigroup lowered shares of Coupang from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $22.20 in a research report on Wednesday, May 6th. UBS Group set a $25.00 price objective on shares of Coupang in a report on Thursday, February 19th. Nomura cut their price objective on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of 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. Four 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 stock. According to data from MarketBeat, Coupang presently has an average rating of “Hold” and an average target price of $26.92.

View Our Latest Stock Analysis on Coupang

Coupang Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

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