Ieq Capital LLC Has $47.28 Million Stock Position in Coupang, Inc. $CPNG

Ieq Capital LLC lowered its position in shares of Coupang, Inc. (NYSE:CPNG) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,004,189 shares of the company’s stock after selling 135,960 shares during the quarter. Ieq Capital LLC owned approximately 0.11% of Coupang worth $47,279,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Gavilan Investment Partners LLC increased its position in shares of Coupang by 10.3% during the 4th quarter. Gavilan Investment Partners LLC now owns 1,395,000 shares of the company’s stock worth $32,908,000 after purchasing an additional 130,000 shares in the last quarter. Cloverfields Capital Group LP increased its position in shares of Coupang by 26.0% during the 4th quarter. Cloverfields Capital Group LP now owns 120,066 shares of the company’s stock worth $2,832,000 after purchasing an additional 24,789 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Coupang by 6.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,358,765 shares of the company’s stock worth $32,053,000 after purchasing an additional 76,380 shares in the last quarter. Columbus Hill Capital Management L.P. acquired a new stake in shares of Coupang during the 4th quarter worth about $20,233,000. Finally, Advisors Asset Management Inc. increased its position in shares of Coupang by 26.0% during the 4th quarter. Advisors Asset Management Inc. now owns 8,283 shares of the company’s stock worth $195,000 after purchasing an additional 1,709 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CPNG shares. Nomura dropped their target price on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft cut shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research report on Wednesday, May 6th. Citigroup cut shares of Coupang from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $22.20 in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Finally, UBS Group set a $25.00 price objective on shares of Coupang in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.92.

Coupang Trading Down 2.3%

CPNG opened at $16.86 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $30.26 billion, a PE ratio of -187.28 and a beta of 1.12. Coupang, Inc. has a 1-year low of $14.92 and a 1-year high of $34.08. The firm has a 50-day moving average price of $18.01 and a two-hundred day moving average price of $20.17.

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