Coupang (NYSE:CPNG) Sees Strong Trading Volume - Should You Buy?

Key Points

• Coupang's trading volume increased by 54%, with approximately 14.5 million shares traded on Monday, reflecting significant market interest as the stock price rose to $30.79 from the previous close of $28.91.
• Wall Street analysts have mixed ratings for Coupang, with Nomura upgrading it to a "strong-buy" with a price target of $35.00, while Deutsche Bank downgraded it to "hold" with a target of $27.00.
• The company's latest quarterly earnings showed a revenue of $8.52 billion, exceeding expectations, but it reported an EPS of $0.02, which missed analysts' consensus estimate of $0.07.

Coupang, Inc. (NYSE:CPNG - Get Free Report) saw unusually-high trading volume on Monday . Approximately 14,487,242 shares were traded during mid-day trading, an increase of 54% from the previous session's volume of 9,388,182 shares.The stock last traded at $30.79 and had previously closed at $28.91.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CPNG. Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft lowered Coupang from a "buy" rating to a "hold" rating and set a $27.00 price objective on the stock. in a research note on Wednesday, August 6th. Nomura upgraded Coupang from a "neutral" rating to a "buy" rating and set a $35.00 price objective on the stock in a research report on Wednesday, August 6th. Wall Street Zen lowered Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Morgan Stanley lifted their price objective on Coupang from $32.00 to $35.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $31.14.

Coupang Stock Up 9.4%

The stock has a market capitalization of $57.64 billion, a PE ratio of 158.08 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. The business has a 50 day moving average of $29.41 and a two-hundred day moving average of $26.41.

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

Insider Transactions at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of Coupang stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $28.25, for a total value of $282,500,000.00. Following the completion of the transaction, the insider owned 309,542,259 shares in the company, valued at approximately $8,744,568,816.75. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gaurav Anand sold 75,350 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.79, for a total transaction of $2,093,976.50. Following the completion of the transaction, the chief financial officer directly owned 2,016,940 shares of the company's stock, valued at $56,050,762.60. This trade represents a 3.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,087,003 shares of company stock valued at $284,933,545. 12.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Coupang

A number of large investors have recently added to or reduced their stakes in the company. Davidson Kahn Capital Management LLC increased its position in Coupang by 31.6% during the 1st quarter. Davidson Kahn Capital Management LLC now owns 103,567 shares of the company's stock valued at $2,271,000 after purchasing an additional 24,877 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Coupang by 40.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 305,512 shares of the company's stock worth $6,776,000 after purchasing an additional 87,412 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Coupang during the first quarter worth approximately $241,000. Deutsche Bank AG lifted its holdings in shares of Coupang by 25.7% during the fourth quarter. Deutsche Bank AG now owns 90,833 shares of the company's stock worth $1,997,000 after purchasing an additional 18,593 shares during the period. Finally, Altimeter Capital Management LP raised its stake in shares of Coupang by 24.3% during the 1st quarter. Altimeter Capital Management LP now owns 7,441,445 shares of the company's stock worth $163,191,000 after buying an additional 1,455,555 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

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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