Coupang (NYSE:CPNG) Sets New 52-Week High - Should You Buy?

Coupang, Inc. (NYSE:CPNG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.55 and last traded at $28.44, with a volume of 4650645 shares traded. The stock had previously closed at $27.45.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CPNG. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a report on Wednesday, February 26th. Barclays lifted their price target on Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Mizuho upgraded Coupang to a "hold" rating in a research note on Friday, April 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $29.64.

Coupang Stock Up 0.5%

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The stock's fifty day simple moving average is $23.93 and its two-hundred day simple moving average is $23.62. The company has a market capitalization of $50.91 billion, a price-to-earnings ratio of 49.19, a PEG ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. Coupang's revenue for the quarter was up 11.2% on a year-over-year basis. On average, sell-side analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Greenoaks Capital Partners Llc acquired 750,000 shares of Coupang stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average price of $26.78 per share, with a total value of $20,085,000.00. Following the completion of the acquisition, the director now directly owns 54,481,161 shares of the company's stock, valued at $1,459,005,491.58. This trade represents a 1.40% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 30,000,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $25.75, for a total transaction of $772,500,000.00. Following the transaction, the insider now directly owns 319,542,259 shares in the company, valued at approximately $8,228,213,169.25. The trade was a 8.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,534,697 shares of company stock valued at $786,219,061. Insiders own 13.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CPNG. Price T Rowe Associates Inc. MD lifted its position in Coupang by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares during the period. Dodge & Cox raised its stake in shares of Coupang by 101.6% in the 1st quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock worth $894,413,000 after buying an additional 20,555,600 shares in the last quarter. FMR LLC lifted its holdings in shares of Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock valued at $651,038,000 after buying an additional 2,465,973 shares during the period. Durable Capital Partners LP lifted its holdings in shares of Coupang by 13.6% in the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock valued at $629,426,000 after buying an additional 3,420,133 shares during the period. Finally, Dragoneer Investment Group LLC boosted its stake in Coupang by 9.0% during the fourth quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock valued at $451,497,000 after buying an additional 1,690,826 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

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.