961,742 Shares in Coupang, Inc. $CPNG Purchased by Trexquant Investment LP

Trexquant Investment LP purchased a new position in Coupang, Inc. (NYSE:CPNG) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 961,742 shares of the company’s stock, valued at approximately $21,091,000.

A number of other hedge funds have also bought and sold shares of CPNG. SVB Wealth LLC acquired a new position in Coupang in the first quarter worth about $28,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Coupang in the first quarter worth about $30,000. Grove Bank & Trust bought a new position in Coupang in the first quarter worth about $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 worth $37,000 after acquiring an additional 506 shares during the last quarter. Finally, 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 worth $43,000 after acquiring an additional 1,640 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CPNG shares. Wall Street Zen cut shares of Coupang from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Morgan Stanley raised their target price on shares of Coupang from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Nomura raised shares of Coupang from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, August 6th. Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Nomura Securities raised shares of Coupang to a “strong-buy” rating in a report on Wednesday, August 6th. One research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Insider Buying and Selling

In related news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the business’s stock in a transaction that occurred on 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 owned 309,542,259 shares of the company’s stock, valued at $8,744,568,816.75. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gaurav Anand sold 75,350 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.79, for a total value of $2,093,976.50. Following the sale, the chief financial officer directly owned 2,016,940 shares in the company, valued at approximately $56,050,762.60. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,087,003 shares of company stock valued at $284,933,545 over the last quarter. Corporate insiders own 12.78% of the company’s stock.

Coupang Price Performance

Shares of NYSE:CPNG opened at $28.32 on Thursday. Coupang, Inc. has a 12 month low of $19.02 and a 12 month high of $31.65. The stock has a market cap of $51.63 billion, a price-to-earnings ratio of 141.60 and a beta of 1.16. The stock’s 50 day moving average price is $29.48 and its 200 day moving average price is $26.20. 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 (NYSE:CPNG) last announced its earnings results on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). Coupang had a return on equity of 7.47% and a net margin of 1.13%.The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same period in the previous year, the firm earned $0.07 EPS. Coupang’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

About Coupang

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.