Shares of Coupang, Inc. (NYSE:CPNG - Get Free Report) saw strong trading volume on Monday . 5,728,640 shares changed hands during trading, a decline of 55% from the previous session's volume of 12,796,933 shares.The stock last traded at $21.81 and had previously closed at $21.25.
Analyst Ratings Changes
A number of research firms have commented on CPNG. Citigroup upgraded Coupang from a "neutral" rating to a "buy" rating and upped their price target for the company from $19.00 to $26.00 in a research report on Monday. TheStreet upgraded shares of Coupang from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. UBS Group downgraded Coupang from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $26.00 to $18.50 in a report on Wednesday, December 20th. Barclays boosted their price objective on Coupang from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and raised their target price for the stock from $18.50 to $21.00 in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.42.
Get Our Latest Stock Report on Coupang
Coupang Trading Up 2.1 %
The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The business has a 50 day moving average of $17.59 and a two-hundred day moving average of $16.65. The firm has a market capitalization of $38.90 billion, a price-to-earnings ratio of 28.92 and a beta of 1.32.
Coupang (NYSE:CPNG - Get Free Report) last posted 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. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The business had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the firm posted $0.06 EPS. Coupang's revenue was up 23.2% compared to the same quarter last year. Equities analysts predict that Coupang, Inc. will post 0.29 EPS for the current year.
Insider Activity
In other news, Director Neil Mehta sold 1,600,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $18.68, for a total value of $29,888,000.00. Following the completion of the sale, the director now directly owns 48,006,135 shares of the company's stock, valued at $896,754,601.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the sale, the insider now directly owns 364,542,259 shares in the company, valued at $6,929,948,343.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Neil Mehta sold 1,600,000 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $18.68, for a total value of $29,888,000.00. Following the completion of the transaction, the director now directly owns 48,006,135 shares in the company, valued at approximately $896,754,601.80. The disclosure for this sale can be found here. Insiders sold 33,355,590 shares of company stock worth $633,443,979 over the last three months. 14.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Coupang
Several institutional investors have recently bought and sold shares of the company. Headinvest LLC bought a new position in Coupang during the third quarter worth about $29,000. Eagle Bay Advisors LLC bought a new position in Coupang in the 2nd quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new position in Coupang in the 4th quarter worth approximately $36,000. Comerica Bank purchased a new position in Coupang in the 3rd quarter valued at approximately $43,000. Finally, NBC Securities Inc. bought a new stake in Coupang during the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 83.72% of the company's stock.
About Coupang
(
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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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