Coupang, Inc. $CPNG Holdings Increased by Kontiki Capital Management HK Ltd.

Kontiki Capital Management HK Ltd. raised its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,076,851 shares of the company’s stock after acquiring an additional 285,153 shares during the quarter. Coupang accounts for approximately 9.7% of Kontiki Capital Management HK Ltd.’s investment portfolio, making the stock its 6th biggest position. Kontiki Capital Management HK Ltd.’s holdings in Coupang were worth $166,943,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CPNG. Sunbelt Securities Inc. purchased a new stake in Coupang during the 3rd quarter valued at $26,000. Fifth Third Bancorp boosted its stake in Coupang by 1,250.0% during the 3rd 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 purchased a new stake in Coupang during the 3rd quarter valued at $48,000. LGT Financial Advisors LLC purchased a new stake in Coupang during the 3rd quarter valued at $52,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Coupang during the 4th quarter valued at $60,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Neil Mehta bought 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $18.68 per share, with a total value of $56,040,000.00. Following the acquisition, the director owned 52,978,114 shares in the company, valued at $989,631,169.52. This trade represents a 6.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders acquired 7,350,104 shares of company stock valued at $136,566,051. 12.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on CPNG shares. 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. Citigroup downgraded Coupang from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $22.20 in a research note on Wednesday, May 6th. 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. 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, UBS Group set a $25.00 price target on Coupang in a report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Coupang presently has an average rating of “Hold” and an average target price of $26.92.

Coupang Price Performance

Shares of Coupang stock opened at $15.36 on Friday. Coupang, Inc. has a one year low of $15.03 and a one year high of $34.08. The stock’s fifty day moving average is $18.26 and its 200 day moving average is $20.56. The stock has a market cap of $27.56 billion, a P/E ratio of -170.59 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 0.97.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, May 5th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.48 billion. During the same period in the prior year, the business posted $0.06 earnings per share. Coupang’s revenue for the quarter was up 7.5% compared to the same quarter last year. Sell-side 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.