WINTON GROUP Ltd Purchases New Shares in Coupang, Inc. $CPNG

WINTON GROUP Ltd purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 136,237 shares of the company’s stock, valued at approximately $3,214,000.

A number of other hedge funds also recently bought and sold shares of the business. Sunbelt Securities Inc. bought a new position in Coupang during the third quarter valued at $26,000. Fifth Third Bancorp increased 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 valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. Colonial Trust Advisors bought a new position in Coupang during the third quarter valued at $48,000. LGT Financial Advisors LLC bought a new position in Coupang during the third quarter valued at $52,000. Finally, Advisory Services Network LLC bought a new position in Coupang during the third quarter valued at $76,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Up 1.4%

CPNG stock opened at $15.36 on Monday. The firm has a 50 day moving average of $18.26 and a 200 day moving average of $20.51. The stock has a market capitalization of $27.56 billion, a PE ratio of -170.59 and a beta of 1.13. 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 52 week low of $15.03 and a 52 week high of $34.08.

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 analyst estimates of $8.48 billion. During the same quarter last year, the business earned $0.06 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts forecast that Coupang, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on CPNG shares. Weiss Ratings cut shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Barclays upped their price target on shares of Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. UBS Group set a $25.00 price objective on shares of Coupang in a research note on Thursday, February 19th. Mizuho lowered their price objective on shares of Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Finally, Wall Street Zen lowered shares of Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.92.

Insiders Place Their Bets

In other Coupang news, Director Neil Mehta purchased 3,000,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average price of $18.68 per share, for a total transaction 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 represents a 6.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 7,350,104 shares of company stock valued at $136,566,051. 12.83% of the stock is currently owned by corporate insiders.

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.