Natixis Advisors LLC Decreases Stake in Coupang, Inc. $CPNG

Natixis Advisors LLC reduced its stake in Coupang, Inc. (NYSE:CPNG) by 45.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 687,386 shares of the company’s stock after selling 570,302 shares during the period. Natixis Advisors LLC’s holdings in Coupang were worth $16,215,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Dodge & Cox increased its stake in Coupang by 0.7% in the 3rd quarter. Dodge & Cox now owns 46,947,720 shares of the company’s stock worth $1,511,717,000 after purchasing an additional 333,200 shares during the period. Capital International Investors increased its stake in Coupang by 7.6% in the 3rd quarter. Capital International Investors now owns 34,153,094 shares of the company’s stock worth $1,099,792,000 after purchasing an additional 2,421,089 shares during the period. Vanguard Group Inc. increased its stake in Coupang by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after purchasing an additional 951,812 shares during the period. Durable Capital Partners LP increased its stake in Coupang by 0.4% in the 3rd quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock worth $799,629,000 after purchasing an additional 89,207 shares during the period. Finally, Geode Capital Management LLC increased its stake in Coupang by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 24,327,724 shares of the company’s stock worth $574,068,000 after purchasing an additional 1,689,293 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Coupang

In related news, Director Neil Mehta bought 2,332,863 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $18.40 per share, with a total value of $42,924,679.20. Following the completion of the purchase, the director owned 55,310,977 shares in the company, valued at approximately $1,017,721,976.80. The trade was a 4.40% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired 7,350,104 shares of company stock valued at $136,566,051 over the last 90 days. Corporate insiders own 12.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup cut Coupang from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $22.20 in a research note on Wednesday, May 6th. Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a report on Monday, March 2nd. Barclays upped their target price on Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Morgan Stanley decreased their target price on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings downgraded Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.92.

Coupang Trading Down 7.1%

NYSE CPNG opened at $15.36 on Friday. Coupang, Inc. has a 12 month low of $15.03 and a 12 month high of $34.08. The stock has a market cap of $27.56 billion, a P/E ratio of -170.59 and a beta of 1.12. The stock’s fifty day moving average price is $18.26 and its 200-day moving average price is $20.56. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.

Coupang (NYSE:CPNG) last released 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 analysts’ expectations of $8.48 billion. During the same period in the prior year, the company posted $0.06 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. As a group, equities analysts forecast that Coupang, Inc. will post -0.17 EPS for the current fiscal year.

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.