Coupang (NYSE:CPNG) Sets New 52-Week High at $22.95

Coupang, Inc. (NYSE:CPNG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $22.95 and last traded at $22.56, with a volume of 4424355 shares. The stock had previously closed at $22.46.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup raised Coupang from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $26.00 in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and increased their price objective for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Barclays lifted their target price on shares of Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, TheStreet raised Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.42.

Coupang Stock Performance

The company has a market cap of $40.91 billion, a PE ratio of 29.95 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.90. The business has a 50-day moving average of $18.38 and a 200 day moving average of $16.84.

Coupang (NYSE:CPNG) last released 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 return on equity of 15.04% and a net margin of 5.57%. The business had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. Coupang’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts anticipate that Coupang, Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Coupang

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 364,542,259 shares of the company’s stock, valued at $6,929,948,343.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total value of $600,985,067.54. Following the completion of the transaction, the insider now owns 364,542,259 shares of the company’s stock, valued at $6,929,948,343.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Pranam Kolari sold 2,356 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $13.88, for a total value of $32,701.28. Following the completion of the transaction, the insider now directly owns 182,844 shares of the company’s stock, valued at approximately $2,537,874.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,355,590 shares of company stock valued at $633,443,979. Company insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Coupang

Hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. boosted its stake in Coupang by 21.6% during the fourth quarter. Baillie Gifford & Co. now owns 145,524,128 shares of the company’s stock valued at $2,356,036,000 after buying an additional 25,843,034 shares during the last quarter. FMR LLC boosted its stake in Coupang by 2.0% during the third quarter. FMR LLC now owns 19,836,006 shares of the company’s stock valued at $337,212,000 after buying an additional 381,964 shares during the last quarter. Norges Bank bought a new position in Coupang during the fourth quarter valued at approximately $250,714,000. Sands Capital Management LLC boosted its stake in Coupang by 0.7% during the fourth quarter. Sands Capital Management LLC now owns 14,440,552 shares of the company’s stock valued at $233,793,000 after buying an additional 98,043 shares during the last quarter. Finally, Foxhaven Asset Management LP boosted its stake in Coupang by 8.0% during the fourth quarter. Foxhaven Asset Management LP now owns 12,272,369 shares of the company’s stock valued at $198,690,000 after buying an additional 904,065 shares during the last quarter. 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.