Entropy Technologies LP Has $2.15 Million Position in Coupang, Inc. $CPNG

Entropy Technologies LP lifted its stake in Coupang, Inc. (NYSE:CPNG) by 37.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,700 shares of the company’s stock after acquiring an additional 19,546 shares during the quarter. Entropy Technologies LP’s holdings in Coupang were worth $2,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CPNG. Handelsbanken Fonder AB grew its stake in Coupang by 71.9% in the second quarter. Handelsbanken Fonder AB now owns 746,613 shares of the company’s stock valued at $22,369,000 after purchasing an additional 312,298 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Coupang by 30.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,186 shares of the company’s stock valued at $95,000 after buying an additional 737 shares during the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Coupang by 38.3% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 32,679 shares of the company’s stock valued at $979,000 after buying an additional 9,047 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Coupang by 39.3% in the second quarter. Nomura Asset Management Co. Ltd. now owns 3,761 shares of the company’s stock worth $113,000 after buying an additional 1,061 shares during the last quarter. Finally, Westpac Banking Corp raised its position in Coupang by 32.2% during the second quarter. Westpac Banking Corp now owns 42,460 shares of the company’s stock valued at $1,272,000 after acquiring an additional 10,333 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Stock Up 0.3%

Coupang stock opened at $26.65 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.06 and a quick ratio of 0.82. Coupang, Inc. has a fifty-two week low of $19.02 and a fifty-two week high of $34.08. The firm has a fifty day moving average price of $31.12 and a two-hundred day moving average price of $29.67. The firm has a market cap of $48.68 billion, a price-to-earnings ratio of 126.91 and a beta of 1.17.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Coupang had a return on equity of 6.95% and a net margin of 1.16%.The business had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.13 billion. During the same period in the previous year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. As a group, analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on CPNG shares. Mizuho boosted their target price on shares of Coupang from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. 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 target price on shares of Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Zacks Research raised Coupang from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Coupang in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Insiders Place Their Bets

In related news, Director Pedro Franceschi sold 21,428 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $32.05, for a total transaction of $686,767.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Harold Rogers sold 64,755 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $32.06, for a total transaction of $2,076,045.30. Following the transaction, the insider owned 449,569 shares of the company’s stock, valued at approximately $14,413,182.14. The trade was a 12.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 913,633 shares of company stock valued at $29,143,084. Corporate insiders own 12.78% of the company’s stock.

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.