USS Investment Management Ltd Has $31.51 Million Holdings in Coupang, Inc. $CPNG

USS Investment Management Ltd boosted its position in shares of Coupang, Inc. (NYSE:CPNG) by 650.5% in the first quarter, Holdings Channel.com reports. The firm owned 1,670,083 shares of the company’s stock after acquiring an additional 1,447,542 shares during the period. USS Investment Management Ltd’s holdings in Coupang were worth $31,506,000 as of its most recent SEC filing.

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

Coupang Price Performance

Shares of NYSE CPNG opened at $17.42 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $17.44 and its two-hundred day moving average price is $19.31. The company has a market cap of $31.26 billion, a PE ratio of -193.49 and a beta of 1.12. Coupang, Inc. has a twelve month low of $14.92 and a twelve month high of $34.08.

Coupang (NYSE:CPNG) last released its quarterly earnings data 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). Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.48 billion. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Coupang, Inc. will post -0.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research report on Wednesday, May 6th. Barclays lifted their price objective on shares of Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. CLSA assumed coverage on shares of Coupang in a research report on Monday, June 15th. They issued an “outperform” rating and a $24.00 price objective on the stock. Weiss Ratings cut shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Citigroup downgraded shares of Coupang from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $22.20 in a research report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.65.

Coupang Profile

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.