Schroder Investment Management Group Makes New $232,000 Investment in Coupang, Inc. (NYSE:CPNG)

Posted by on Jun 6th, 2023

Schroder Investment Management Group purchased a new position in shares of Coupang, Inc. (NYSE:CPNG – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,762 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in shares of Coupang during the second quarter worth $26,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Coupang during the fourth quarter worth $37,000. AdvisorNet Financial Inc lifted its holdings in shares of Coupang by 118.0% during the fourth quarter. AdvisorNet Financial Inc now owns 6,650 shares of the company’s stock worth $98,000 after purchasing an additional 3,600 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Coupang during the fourth quarter worth $112,000. Finally, Soltis Investment Advisors LLC acquired a new position in shares of Coupang during the fourth quarter worth $147,000. Institutional investors and hedge funds own 71.56% of the company’s stock.

Coupang Trading Down 5.1 %

NYSE:CPNG opened at $15.68 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.18 and a quick ratio of 0.86. The firm has a 50-day moving average of $16.07 and a 200-day moving average of $16.14. The company has a market cap of $27.89 billion, a PE ratio of 130.67 and a beta of 1.36. Coupang, Inc. has a one year low of $10.51 and a one year high of $21.38.

Coupang (NYSE:CPNG – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.08). The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.64 billion. Coupang had a return on equity of 9.03% and a net margin of 0.98%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) earnings per share. As a group, equities research analysts expect that Coupang, Inc. will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CPNG shares. Bank of America lifted their price target on shares of Coupang from $18.00 to $19.00 in a report on Thursday, May 11th. Barclays assumed coverage on shares of Coupang in a report on Thursday, February 9th. They issued an “overweight” rating and a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, March 1st. Finally, Morgan Stanley dropped their target price on shares of Coupang from $23.00 to $22.00 in a report on Monday, April 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.11.

Insider Transactions at Coupang

In other news, Director Greenoaks Capital Partners Llc sold 2,000,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $15.61, for a total transaction of $31,220,000.00. Following the completion of the sale, the director now directly owns 68,651,928 shares of the company’s stock, valued at $1,071,656,596.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Coupang news, Director Hanseung Kang sold 174,324 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $16.00, for a total value of $2,789,184.00. Following the completion of the sale, the director now directly owns 475,743 shares of the company’s stock, valued at approximately $7,611,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greenoaks Capital Partners Llc sold 2,000,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $15.61, for a total transaction of $31,220,000.00. Following the completion of the sale, the director now directly owns 68,651,928 shares of the company’s stock, valued at $1,071,656,596.08. The disclosure for this sale can be found here. Insiders sold a total of 2,182,407 shares of company stock valued at $34,138,882 over the last three months. Corporate insiders own 16.70% of the company’s stock.

Coupang Company Profile

(Get Rating)

Coupang, Inc owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It operates through two segments, Product Commerce and Growth Initiatives. The company 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 Stories

Want to see what other hedge funds are holding CPNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coupang, Inc. (NYSE:CPNG – Get Rating).

Institutional Ownership by Quarter for Coupang (NYSE:CPNG)

Receive News & Ratings for Coupang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupang and related companies with MarketBeat.com's FREE daily email newsletter.