Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc Acquires 251,300 Shares

Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc purchased 251,300 shares of the stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $22.58 per share, with a total value of $5,674,354.00. Following the completion of the acquisition, the director now owns 50,126,224 shares in the company, valued at approximately $1,131,850,137.92. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, August 15th, Greenoaks Capital Partners Llc bought 100,000 shares of Coupang stock. The shares were purchased at an average price of $22.39 per share, with a total value of $2,239,000.00.
• On Friday, August 9th, Greenoaks Capital Partners Llc acquired 150,000 shares of Coupang stock. The stock was bought at an average price of $22.64 per share, with a total value of $3,396,000.00.

Coupang Stock Performance

CPNG traded up $0.26 during trading on Thursday, hitting $22.41. 6,792,658 shares of the stock were exchanged, compared to its average volume of 10,833,614. The firm has a market capitalization of $40.07 billion, a P/E ratio of 32.01, a PEG ratio of 2,041.58 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average price of $21.17 and a two-hundred day moving average price of $20.00. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $23.77.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. Coupang had a return on equity of 13.59% and a net margin of 4.96%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, sell-side analysts predict that Coupang, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

CPNG has been the subject of several recent research reports. Barclays lifted their price objective on Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Mizuho raised their target price on Coupang from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Bank of America started coverage on Coupang in a research report on Friday, May 3rd. They set a “buy” rating and a $30.00 target price on the stock. Citigroup raised their target price on Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, UBS Group raised Coupang from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.50 to $26.00 in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.71.

Institutional Trading of Coupang

Institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. grew its holdings in Coupang by 1.6% in the second quarter. Baillie Gifford & Co. now owns 171,350,025 shares of the company’s stock valued at $3,589,783,000 after purchasing an additional 2,749,027 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Coupang by 31.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock valued at $1,403,015,000 after purchasing an additional 18,894,909 shares during the last quarter. WCM Investment Management LLC grew its holdings in Coupang by 2,250.9% in the first quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company’s stock valued at $799,242,000 after purchasing an additional 43,015,433 shares during the last quarter. Norges Bank acquired a new stake in Coupang in the fourth quarter valued at $250,714,000. Finally, Sands Capital Management LLC grew its holdings in Coupang by 0.7% in the fourth quarter. Sands Capital Management LLC now owns 14,440,552 shares of the company’s stock valued at $233,793,000 after purchasing an additional 98,043 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

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.