Free Trial

Entropy Technologies LP Makes New $1.14 Million Investment in Coupang, Inc. (NYSE:CPNG)

Coupang logo with Retail/Wholesale background

Key Points

  • Entropy Technologies LP acquired a new stake in Coupang, buying 52,154 shares valued at approximately $1.14 million in Q1.
  • Multiple institutional investors increased their holdings in Coupang, with Massachusetts Financial Services Co. buying 436.6% more shares in Q1.
  • Analysts have mixed ratings on Coupang, with Deutsche Bank downgrading it to "hold" while Nomura upgraded to "strong-buy," setting a target price of $35.00.
  • Need better tools to track Coupang? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Entropy Technologies LP bought a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 52,154 shares of the company's stock, valued at approximately $1,144,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPNG. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Coupang during the 1st quarter worth $30,000. Grove Bank & Trust acquired a new position in shares of Coupang during the first quarter valued at about $33,000. Itau Unibanco Holding S.A. raised its position in shares of Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after buying an additional 1,640 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after buying an additional 1,429 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Coupang by 23.3% during the first quarter. Asset Management One Co. Ltd. now owns 3,211 shares of the company's stock valued at $70,000 after buying an additional 606 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Price Performance

NYSE CPNG traded down $0.19 during trading on Friday, reaching $28.14. 6,975,777 shares of the company traded hands, compared to its average volume of 11,505,234. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. The stock's 50 day moving average price is $29.43 and its two-hundred day moving average price is $25.93. The company has a market cap of $51.30 billion, a price-to-earnings ratio of 140.71 and a beta of 1.16. Coupang, Inc. has a 1-year low of $19.02 and a 1-year high of $31.65.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective for the company. in a research report on Wednesday, August 6th. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Barclays upped their price objective on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Nomura Securities raised shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coupang presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.57.

View Our Latest Stock Report on Coupang

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $29.14, for a total transaction of $339,568.42. Following the sale, the vice president directly owned 158,676 shares of the company's stock, valued at approximately $4,623,818.64. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $28.25, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 10,462,003 shares of company stock valued at $295,524,795 over the last ninety days. Company insiders own 12.78% of the company's stock.

Coupang Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

Should You Invest $1,000 in Coupang Right Now?

Before you consider Coupang, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coupang wasn't on the list.

While Coupang currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Stocks With Explosive Upside
September Slowdown: 3 Stocks to Buy When the Pullback Comes
3 Overlooked Stocks Riding the AI Data Center Boom

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines