Coupang (NYSE:CPNG) Sets New 1-Year High - Should You Buy?

Coupang, Inc. (NYSE:CPNG - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $31.65 and last traded at $31.40, with a volume of 6118007 shares changing hands. The stock had previously closed at $31.49.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CPNG. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Wall Street Zen cut Coupang from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Barclays increased their target price on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.08.

Coupang Stock Performance

The company has a fifty day moving average price of $29.04 and a 200 day moving average price of $25.14. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. The stock has a market cap of $54.73 billion, a PE ratio of 215.32 and a beta of 1.16.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a return on equity of 10.07% and a net margin of 0.82%. The company had revenue of $7.91 billion during the quarter, compared to analysts' expectations of $8.02 billion. The business's revenue for the quarter was up 11.2% on a year-over-year basis. Analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the completion of the transaction, the insider owned 309,542,259 shares of the company's stock, valued at $8,744,568,816.75. This represents a 3.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greenoaks Capital Partners Llc acquired 650,000 shares of Coupang stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average cost of $26.86 per share, for a total transaction of $17,459,000.00. Following the completion of the transaction, the director directly owned 55,131,161 shares in the company, valued at $1,480,822,984.46. This trade represents a 1.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 40,459,697 shares of company stock worth $1,067,780,811 in the last three months. 12.78% of the stock is owned by company insiders.

Institutional Trading of Coupang

Institutional investors and hedge funds have recently modified their holdings of the stock. Albion Financial Group UT acquired a new position in Coupang during the second quarter worth about $30,000. SVB Wealth LLC acquired a new position in Coupang in the 1st quarter valued at about $28,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Coupang in the 1st quarter valued at about $30,000. Grove Bank & Trust acquired a new position in Coupang in the 1st quarter valued at about $33,000. Finally, Brooklyn Investment Group boosted its holdings in Coupang by 43.1% in the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock valued at $37,000 after purchasing an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company's stock.

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.