Sands Capital Management LLC decreased its holdings in shares of Coupang, Inc. (NYSE:CPNG – Free Report) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,319,665 shares of the company’s stock after selling 704,512 shares during the period. Sands Capital Management LLC’s holdings in Coupang were worth $243,441,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in Coupang during the third quarter valued at $26,000. Fifth Third Bancorp increased its stake 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 $48,000. LGT Financial Advisors LLC bought a new stake in Coupang during the third quarter valued at $52,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Coupang during the fourth quarter valued at $60,000. Institutional investors own 83.72% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on CPNG shares. Mizuho reduced their price target on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, February 27th. Citigroup downgraded shares of Coupang from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $22.20 in a report on Wednesday, May 6th. UBS Group set a $25.00 price target on shares of Coupang in a report on Thursday, February 19th. Weiss Ratings downgraded shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Sanford C. Bernstein reissued an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.92.
Coupang Stock Performance
Shares of CPNG opened at $16.86 on Monday. Coupang, Inc. has a 1 year low of $14.92 and a 1 year high of $34.08. The company has a market cap of $30.26 billion, a price-to-earnings ratio of -187.28 and a beta of 1.13. 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 fifty day moving average of $18.01 and a 200-day moving average of $20.11.
Coupang (NYSE:CPNG – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.48 billion. Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. As a group, equities analysts anticipate that Coupang, Inc. will post -0.17 earnings per share for the current 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.
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