Wolf Hill Capital Management LP Makes New $44.75 Million Investment in Coupang, Inc. $CPNG

Wolf Hill Capital Management LP acquired a new position in shares of Coupang, Inc. (NYSE:CPNGFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,896,868 shares of the company’s stock, valued at approximately $44,747,000. Coupang makes up approximately 4.9% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 8th biggest position.

Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of Coupang in the 3rd quarter valued at $26,000. Fifth Third Bancorp increased its holdings in shares of Coupang by 1,250.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Colonial Trust Advisors acquired a new position in shares of Coupang in the 3rd quarter valued at $48,000. LGT Financial Advisors LLC acquired a new position in shares of Coupang in the 3rd quarter valued at $52,000. Finally, Advisory Services Network LLC acquired a new position in shares of Coupang in the 3rd quarter valued at $76,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Stock Performance

Shares of CPNG opened at $16.86 on Monday. 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 stock has a market capitalization of $30.26 billion, a P/E ratio of -187.28 and a beta of 1.13. The company’s fifty day moving average is $18.01 and its two-hundred day moving average is $20.11. Coupang, Inc. has a 1 year low of $14.92 and a 1 year high of $34.08.

Coupang (NYSE:CPNGGet Free Report) last announced 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 firm had revenue of $8.50 billion during 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 quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, sell-side analysts predict that Coupang, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. UBS Group set a $25.00 target price on shares of Coupang in a report on Thursday, February 19th. CLSA assumed coverage on shares of Coupang in a report on Monday. They issued an “outperform” rating on the stock. Wall Street Zen cut shares of Coupang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 14th. Finally, Nomura cut their target price 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. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Coupang has an average rating of “Hold” and an average target price of $26.92.

Check Out Our Latest Stock Report 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.

Further Reading

Want to see what other hedge funds are holding CPNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coupang, Inc. (NYSE:CPNGFree Report).

Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

Receive News & Ratings for Coupang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupang and related companies with MarketBeat.com's FREE daily email newsletter.