SG Americas Securities LLC Grows Holdings in Coupang, Inc. $CPNG

SG Americas Securities LLC increased its position in shares of Coupang, Inc. (NYSE:CPNG) by 11.3% during the 1st quarter, Holdings Channel reports. The firm owned 1,100,603 shares of the company’s stock after acquiring an additional 111,881 shares during the period. SG Americas Securities LLC’s holdings in Coupang were worth $20,779,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CPNG. California State Teachers Retirement System raised its holdings in Coupang by 0.5% during the third quarter. California State Teachers Retirement System now owns 78,679 shares of the company’s stock valued at $2,533,000 after acquiring an additional 361 shares during the period. Level Four Advisory Services LLC boosted its stake in shares of Coupang by 2.2% in the third quarter. Level Four Advisory Services LLC now owns 20,916 shares of the company’s stock worth $673,000 after acquiring an additional 441 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Coupang by 19.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,651 shares of the company’s stock worth $86,000 after purchasing an additional 597 shares in the last quarter. National Bank of Canada FI grew its position in shares of Coupang by 6.6% during the third quarter. National Bank of Canada FI now owns 9,801 shares of the company’s stock worth $316,000 after purchasing an additional 609 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Coupang by 9.5% during the 4th quarter. Assetmark Inc. now owns 7,150 shares of the company’s stock valued at $169,000 after purchasing an additional 620 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Trading Up 1.5%

CPNG stock opened at $17.77 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. Coupang, Inc. has a twelve month low of $14.92 and a twelve month high of $34.08. The stock has a market capitalization of $31.90 billion, a price-to-earnings ratio of -197.43 and a beta of 1.12. The firm’s fifty day simple moving average is $17.75 and its two-hundred day simple moving average is $19.58.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.48 billion. Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.Coupang’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, analysts anticipate that Coupang, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CPNG shares. Morgan Stanley lowered their target price on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Nomura reduced their price target 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. Wall Street Zen cut shares of Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Bank of America dropped their price objective on shares of Coupang from $28.00 to $27.00 in a report on Wednesday. Finally, CLSA initiated coverage on Coupang in a research report on Monday, June 15th. They set an “outperform” rating and a $24.00 price objective for the company. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.65.

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.