Coupang, Inc. (NYSE:CPNG) Short Interest Update

Key Points

• Coupang, Inc. experienced a notable rise in short interest, increasing by 58.8% to 27.1 million shares as of September 30, contributing to a short-interest ratio of 2.2 days.
• Recent insider sales included CFO Gaurav Anand selling 75,350 shares, resulting in a 3.60% decrease in his ownership, while corporate insiders sold nearly 1 million shares over the last three months.
• Analysts provided mixed ratings for Coupang, with a consensus of Moderate Buy and an average target price of $33.50, reflecting ongoing uncertainty in the stock’s performance.

Coupang, Inc. (NYSE:CPNG - Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 27,100,000 shares, an increase of 58.8% from the September 15th total of 17,070,000 shares. Based on an average daily trading volume, of 12,120,000 shares, the short-interest ratio is currently 2.2 days. Currently, 2.1% of the shares of the stock are short sold. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,120,000 shares, the short-interest ratio is currently 2.2 days.

Insider Transactions at Coupang

In other news, CFO Gaurav Anand sold 75,350 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the sale, the chief financial officer directly owned 2,016,940 shares of the company's stock, valued at approximately $56,050,762.60. This represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Harold Rogers sold 64,755 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $32.06, for a total transaction of $2,076,045.30. Following the sale, the insider owned 449,569 shares in the company, valued at $14,413,182.14. This represents a 12.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 988,983 shares of company stock worth $31,203,966. Corporate insiders own 12.78% of the company's stock.

Hedge Funds Weigh In On Coupang

Several large investors have recently modified their holdings of the business. Albion Financial Group UT bought a new stake in shares of Coupang during the 2nd quarter valued at $30,000. Hilltop National Bank purchased a new stake in shares of Coupang in the third quarter worth about $34,000. SVB Wealth LLC bought a new position in shares of Coupang in the first quarter valued at approximately $28,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Coupang during the 1st quarter worth approximately $30,000. Finally, Loomis Sayles & Co. L P bought a new stake in Coupang during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Performance

Shares of NYSE:CPNG traded down $0.32 during midday trading on Wednesday, reaching $31.11. The company had a trading volume of 6,451,852 shares, compared to its average volume of 6,471,756. The company's 50 day moving average price is $30.98 and its 200 day moving average price is $28.45. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. Coupang has a 52-week low of $19.02 and a 52-week high of $34.08. The stock has a market cap of $56.72 billion, a P/E ratio of 155.58 and a beta of 1.18.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $8.52 billion during the quarter, compared to analysts' expectations of $8.34 billion. Coupang had a net margin of 1.13% and a return on equity of 7.47%. Coupang's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, sell-side analysts anticipate that Coupang will post 0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Coupang in a report on Wednesday, October 8th. Nomura Securities raised shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Zacks Research downgraded Coupang from a "hold" rating to a "strong sell" rating in a research note on Monday, October 6th. Nomura upgraded 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. Finally, Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.50.

About Coupang

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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