Eisler Capital Management Ltd. Makes New $259,000 Investment in Coupang, Inc. $CPNG

Key Points

• Eisler Capital Management Ltd. acquired a new stake in Coupang, Inc. by purchasing 11,819 shares, valued at approximately $259,000, during the first quarter.
• Significant activity among institutional investors includes Dimensional Fund Advisors LP and Tudor Investment Corp markedly increasing their holdings in Coupang, with Tudor's stake rising by 868.1%.
• After reporting a net margin of 1.13%, Coupang's earnings missed estimates, resulting in a $0.02 earnings per share, below the analyst consensus of $0.07.

Eisler Capital Management Ltd. purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,819 shares of the company's stock, valued at approximately $259,000.

Several other institutional investors have also made changes to their positions in the company. Dodge & Cox lifted its holdings in shares of Coupang by 101.6% during the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock valued at $894,413,000 after buying an additional 20,555,600 shares during the last quarter. Durable Capital Partners LP lifted its holdings in Coupang by 13.6% in the 4th quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after purchasing an additional 3,420,133 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings in Coupang by 9.0% in the 4th quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock worth $451,497,000 after purchasing an additional 1,690,826 shares during the last quarter. Foxhaven Asset Management LP lifted its holdings in Coupang by 7.9% in the 4th quarter. Foxhaven Asset Management LP now owns 11,417,962 shares of the company's stock worth $250,967,000 after purchasing an additional 833,212 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Coupang by 436.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,686,580 shares of the company's stock worth $190,497,000 after purchasing an additional 7,067,830 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Coupang

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.25, for a total value of $282,500,000.00. Following the sale, the insider directly owned 309,542,259 shares in the company, valued at $8,744,568,816.75. This represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Gaurav Anand sold 75,350 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.79, for a total value of $2,093,976.50. Following the completion of the sale, the chief financial officer owned 2,016,940 shares in the company, valued at $56,050,762.60. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,087,003 shares of company stock worth $284,933,545 over the last three months. Company insiders own 12.78% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price for the company. in a report on Wednesday, August 6th. Morgan Stanley upped their price target on Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Nomura Securities upgraded Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Wall Street Zen lowered Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Barclays upped their price target on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $31.13.

Coupang Stock Performance

Shares of CPNG traded down $0.04 on Friday, reaching $28.59. 7,987,153 shares of the stock traded hands, compared to its average volume of 10,374,748. The firm has a market cap of $52.11 billion, a price-to-earnings ratio of 142.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.09 and a quick ratio of 0.84. Coupang, Inc. has a 12 month low of $19.02 and a 12 month high of $31.65. The stock's 50-day moving average price is $29.49 and its 200-day moving average price is $26.30.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.34 billion. Coupang had a net margin of 1.13% and a return on equity of 7.47%. The business's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Equities analysts forecast that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Coupang Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.