Coupang, Inc. (NYSE:CPNG) Director Acquires $16,559,816.00 in Stock

Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc bought 687,700 shares of the stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now directly owns 52,726,423 shares of the company’s stock, valued at approximately $1,269,652,265.84. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Greenoaks Capital Partners Llc also recently made the following trade(s):

• On Friday, November 8th, Greenoaks Capital Partners Llc bought 750,000 shares of Coupang stock. The shares were acquired at an average cost of $24.01 per share, with a total value of $18,007,500.00.
• On Wednesday, August 21st, Greenoaks Capital Partners Llc acquired 100,000 shares of Coupang stock. The shares were purchased at an average cost of $22.95 per share, with a total value of $2,295,000.00.
• On Thursday, August 15th, Greenoaks Capital Partners Llc bought 100,000 shares of Coupang stock. The stock was bought at an average price of $22.39 per share, for a total transaction of $2,239,000.00.

Coupang Stock Performance

NYSE:CPNG traded up $0.41 during mid-day trading on Tuesday, reaching $24.51. The company’s stock had a trading volume of 10,693,823 shares, compared to its average volume of 9,781,177. The firm’s fifty day moving average price is $24.72 and its two-hundred day moving average price is $22.83. The stock has a market cap of $43.96 billion, a P/E ratio of 43.00 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $26.91.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. On average, equities analysts forecast that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Coupang

Hedge funds have recently made changes to their positions in the business. Asset Dedication LLC boosted its holdings in Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after purchasing an additional 990 shares during the period. Van ECK Associates Corp grew its stake in shares of Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC boosted its position in Coupang by 308.2% during the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after purchasing an additional 1,470 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Coupang by 330.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after buying an additional 1,295 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Coupang by 438.9% during the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after buying an additional 1,931 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.56.

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.