Coupang, Inc. $CPNG Shares Sold by Knollwood Investment Advisory LLC

Knollwood Investment Advisory LLC cut its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 75.2% in the 4th quarter, Holdings Channel reports. The fund owned 12,390 shares of the company’s stock after selling 37,510 shares during the period. Knollwood Investment Advisory LLC’s holdings in Coupang were worth $292,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CPNG. Sunbelt Securities Inc. acquired a new stake in shares of Coupang during the third quarter valued at about $26,000. Fifth Third Bancorp grew its stake in Coupang by 1,250.0% in the third quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Colonial Trust Advisors acquired a new position in Coupang in the third quarter worth about $48,000. LGT Financial Advisors LLC acquired a new position in Coupang in the third quarter worth about $52,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Coupang in the fourth quarter worth about $60,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CPNG shares. 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 note on Wednesday, May 6th. Nomura decreased their price target on Coupang from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Morgan Stanley decreased their price target on Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Barclays lifted their price target on Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, UBS Group set a $25.00 price target on Coupang in a research note on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.92.

Coupang Stock Performance

Shares of CPNG stock opened at $16.86 on Friday. 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 has a 50 day moving average of $18.01 and a two-hundred day moving average of $20.17. Coupang, Inc. has a 52 week low of $14.92 and a 52 week high of $34.08. The company has a market cap of $30.26 billion, a P/E ratio of -187.28 and a beta of 1.12.

Coupang (NYSE:CPNG) last issued 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 net margin of 0.47% and a negative return on equity of 3.67%. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.48 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. As a group, analysts anticipate that Coupang, Inc. will post -0.17 EPS for the current year.

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.