Eisler Capital Management Ltd. Buys Shares of 11,819 Coupang, Inc. $CPNG

Eisler Capital Management Ltd. bought a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,819 shares of the company's stock, valued at approximately $259,000.

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A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPNG. Dimensional Fund Advisors LP increased its holdings in Coupang by 97.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,249,233 shares of the company's stock valued at $49,440,000 after buying an additional 1,107,659 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Coupang by 298.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,018 shares of the company's stock worth $330,000 after purchasing an additional 11,253 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Coupang in the fourth quarter worth $470,000. Tudor Investment Corp ET AL increased its stake in shares of Coupang by 868.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 86,032 shares of the company's stock worth $1,891,000 after purchasing an additional 97,232 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Coupang by 2.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 68,205 shares of the company's stock worth $1,499,000 after purchasing an additional 1,438 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coupang

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the completion of the transaction, the insider owned 309,542,259 shares in the company, valued at $8,744,568,816.75. This trade represents a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gaurav Anand sold 75,350 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the transaction, the chief financial officer owned 2,016,940 shares of the company's stock, valued at $56,050,762.60. This trade represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,087,003 shares of company stock worth $284,933,545 over the last 90 days. 12.78% of the stock is owned by insiders.

Coupang Price Performance

• Coupang Stock And Why You Should Care

Shares of NYSE:CPNG opened at $28.64 on Friday. 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 firm has a fifty day moving average price of $29.49 and a 200 day moving average price of $26.24. Coupang, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $31.65. The firm has a market cap of $52.22 billion, a price-to-earnings ratio of 143.23 and a beta of 1.16.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results 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). Coupang had a return on equity of 7.47% and a net margin of 1.13%.The company had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same quarter in the prior year, the company posted $0.07 EPS. Coupang's revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

• Is Coupang's Stock On The Verge Of A Turnaround?

A number of brokerages have recently issued reports on CPNG. Deutsche Bank Aktiengesellschaft cut shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective for the company. in a research note on Wednesday, August 6th. Morgan Stanley increased their price objective on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Nomura raised shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price objective for the company in a research note on Wednesday, August 6th. Barclays increased their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Nomura Securities raised shares of Coupang to a "strong-buy" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

Check Out Our Latest Research Report on CPNG

Coupang Company 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.

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