Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc Buys 120,239 Shares

Coupang, Inc. (NYSE:CPNG - Get Free Report) Director Greenoaks Capital Partners Llc acquired 120,239 shares of the business's stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of $22.53 per share, for a total transaction of $2,708,984.67. Following the transaction, the director now directly owns 48,126,374 shares in the company, valued at $1,084,287,206.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, May 13th, Greenoaks Capital Partners Llc purchased 500,000 shares of Coupang stock. The shares were purchased at an average cost of $22.06 per share, for a total transaction of $11,030,000.00.

Coupang Stock Up 0.1 %

Coupang stock traded up $0.02 during midday trading on Tuesday, hitting $22.24. 6,668,296 shares of the stock were exchanged, compared to its average volume of 13,278,391. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $23.77. 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 business's 50-day moving average price is $20.18 and its 200-day moving average price is $17.37. The stock has a market capitalization of $39.88 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 40.35 and a beta of 1.13.

Coupang (NYSE:CPNG - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $6.95 billion. Coupang had a net margin of 4.96% and a return on equity of 13.59%. The business's revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. On average, research analysts expect that Coupang, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

CPNG has been the subject of several recent research reports. Citigroup boosted their price objective on Coupang from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, May 8th. Bank of America started coverage on shares of Coupang in a report on Friday, May 3rd. They set a "buy" rating and a $30.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and boosted their target price for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. TheStreet raised shares of Coupang from a "d+" rating to a "c-" rating in a research report on Tuesday, March 5th. Finally, Mizuho boosted their price objective on Coupang from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.42.

Institutional Investors Weigh In On Coupang

Large investors have recently made changes to their positions in the business. WCM Investment Management LLC increased its holdings in Coupang by 2,250.9% in the 1st quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company's stock worth $799,242,000 after acquiring an additional 43,015,433 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Coupang by 21.6% in the fourth quarter. Baillie Gifford & Co. now owns 145,524,128 shares of the company's stock worth $2,356,036,000 after purchasing an additional 25,843,034 shares during the last quarter. Norges Bank bought a new stake in Coupang during the fourth quarter valued at approximately $250,714,000. Pacer Advisors Inc. grew its position in Coupang by 104,032.2% in the fourth quarter. Pacer Advisors Inc. now owns 10,944,299 shares of the company's stock worth $177,188,000 after acquiring an additional 10,933,789 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Coupang by 217.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,909,546 shares of the company's stock worth $51,761,000 after purchasing an additional 1,992,092 shares in the last quarter. 83.72% of the stock is 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.

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