13,199 Shares in Coupang, Inc. $CPNG Acquired by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC has invested $289,000 in Coupang, Inc., acquiring 13,199 shares of the company's stock.
• Several hedge funds, including Durable Capital Partners and Massachusetts Financial Services, have recently increased their stakes in Coupang, indicating strong institutional interest.
• Director Benjamin Sun sold 200,000 shares of Coupang, reflecting a 13.16% decrease in his position, as the company continues to see significant insider transactions.

EntryPoint Capital LLC purchased a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,199 shares of the company's stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CPNG. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Coupang in the first quarter valued at $30,000. Grove Bank & Trust acquired a new stake in Coupang in the first quarter valued at $33,000. Brooklyn Investment Group lifted its holdings in Coupang by 43.1% in the first quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock valued at $37,000 after acquiring an additional 506 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in Coupang by 520.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company's stock valued at $43,000 after acquiring an additional 1,640 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in Coupang by 142.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock valued at $53,000 after acquiring an additional 1,429 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CPNG shares. Nomura Securities raised Coupang to a "strong-buy" rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft cut Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target for the company. in a research report on Wednesday, August 6th. Wall Street Zen cut Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Nomura upgraded Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price target for the company in a research report on Wednesday, August 6th. Finally, Morgan Stanley raised their price target on Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.13.

Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $29.14, for a total value of $339,568.42. Following the completion of the sale, the vice president owned 158,676 shares in the company, valued at $4,623,818.64. The trade was a 6.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of Coupang stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the completion of the sale, the insider owned 309,542,259 shares of the company's stock, valued at $8,744,568,816.75. This trade represents a 3.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,462,003 shares of company stock worth $295,524,795 over the last 90 days. Corporate insiders own 12.78% of the company's stock.

Coupang Price Performance

Coupang stock traded down $0.22 during midday trading on Monday, reaching $28.53. 5,752,777 shares of the company were exchanged, compared to its average volume of 11,338,745. The company has a market capitalization of $52.01 billion, a price-to-earnings ratio of 142.66 and a beta of 1.16. The firm's 50-day simple moving average is $29.48 and its 200-day simple moving average is $26.17. Coupang, Inc. has a 1 year low of $19.02 and a 1 year high of $31.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 EPS 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 analysts' expectations of $8.34 billion. Coupang had a return on equity of 7.47% and a net margin of 1.13%.The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. On average, analysts anticipate that Coupang, Inc. will post 0.17 EPS for the current 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.