Coupang (NYSE:CPNG) Trading Up 2.2%

Coupang, Inc. (NYSE:CPNG - Get Free Report) shot up 2.2% on Tuesday . The company traded as high as $22.13 and last traded at $22.13. 3,149,534 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 12,974,112 shares. The stock had previously closed at $21.65.

Analyst Upgrades and Downgrades

CPNG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and upped their price objective for the stock from $18.50 to $21.00 in a report on Thursday, February 29th. TheStreet raised Coupang from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. Barclays raised their target price on shares of Coupang from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Citigroup raised shares of Coupang from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $19.00 to $26.00 in a research note on Monday. Finally, UBS Group cut shares of Coupang from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $26.00 to $18.50 in a research note on Wednesday, December 20th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.42.

Coupang Stock Up 4.0 %

The firm has a market cap of $40.37 billion, a P/E ratio of 30.13 and a beta of 1.32. The firm's 50 day moving average is $17.59 and its two-hundred day moving average is $16.65. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.40 billion. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The firm's revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, research analysts anticipate that Coupang, Inc. will post 0.29 EPS for the current fiscal year.

Insider Transactions at Coupang

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total value of $600,985,067.54. Following the transaction, the insider now owns 364,542,259 shares of the company's stock, valued at $6,929,948,343.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Harold Rogers sold 139,080 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the transaction, the insider now directly owns 394,192 shares in the company, valued at $7,194,004. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total value of $600,985,067.54. Following the completion of the sale, the insider now directly owns 364,542,259 shares in the company, valued at approximately $6,929,948,343.59. The disclosure for this sale can be found here. Insiders have sold a total of 33,355,590 shares of company stock valued at $633,443,979 over the last 90 days. 14.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coupang

Hedge funds have recently made changes to their positions in the business. Raymond James & Associates increased its stake in shares of Coupang by 64.0% during the 1st quarter. Raymond James & Associates now owns 188,859 shares of the company's stock worth $3,339,000 after purchasing an additional 73,703 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Coupang by 140.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,035,866 shares of the company's stock valued at $18,315,000 after acquiring an additional 605,499 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Coupang by 111.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,878 shares of the company's stock worth $422,000 after acquiring an additional 12,562 shares during the last quarter. HighTower Advisors LLC boosted its stake in Coupang by 27.0% in the 1st quarter. HighTower Advisors LLC now owns 81,147 shares of the company's stock valued at $1,435,000 after purchasing an additional 17,248 shares during the period. Finally, Citigroup Inc. grew its stake in shares of Coupang by 75.8% in the first quarter. Citigroup Inc. now owns 78,576 shares of the company's stock valued at $1,389,000 after acquiring an additional 33,890 shares in the last quarter. 83.72% of the stock is 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.