Coupang, Inc. $CPNG is Rubicon Global Capital Ltd’s 4th Largest Position

by · The Markets Daily

Rubicon Global Capital Ltd lowered its holdings in Coupang, Inc. (NYSE:CPNG – Free Report) by 3.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 862,390 shares of the company’s stock after selling 31,000 shares during the quarter. Coupang makes up 5.4% of Rubicon Global Capital Ltd’s investment portfolio, making the stock its 4th largest position. Rubicon Global Capital Ltd’s holdings in Coupang were worth $20,344,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CPNG. Sunbelt Securities Inc. acquired a new position in shares of Coupang during the 3rd quarter worth $26,000. Orion Capital Management LLC purchased a new stake in Coupang during the third quarter worth about $32,000. Hilltop National Bank purchased a new stake in Coupang during the third quarter worth about $34,000. Fifth Third Bancorp grew its position in 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 buying an additional 1,000 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Coupang during the third quarter worth about $40,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coupang

In related news, Director Neil Mehta purchased 3,000,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average cost of $18.68 per share, with a total value of $56,040,000.00. Following the completion of the acquisition, the director directly owned 52,978,114 shares in the company, valued at $989,631,169.52. The trade was a 6.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 7,350,104 shares of company stock valued at $136,566,051 over the last ninety days. Insiders own 12.78% of the company’s stock.

Wall Street Analysts Forecast Growth

CPNG has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Mizuho dropped their price objective on Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Nomura lowered their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Finally, Wall Street Zen cut Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.70.

Read Our Latest Analysis on CPNG

Coupang Stock Down 0.1%

CPNG stock opened at $18.94 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 0.79. The company’s 50 day simple moving average is $18.84 and its 200-day simple moving average is $24.61. Coupang, Inc. has a 12 month low of $16.74 and a 12 month high of $34.08. The firm has a market capitalization of $34.63 billion, a PE ratio of 157.85 and a beta of 1.16.

Coupang (NYSE:CPNG – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). Coupang had a return on equity of 4.52% and a net margin of 0.60%.The company had revenue of $8.84 billion for the quarter, compared to analyst estimates of $9.12 billion. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

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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