Director Greenoaks Capital Partners Llc has sold 2,000,000 Coupang shares in a transaction on May 23rd. The stock was purchased at an average of $15.61 for a transaction totaling $31,220,000.00. After the transaction was completed, the director directly owned 68,651,928 company shares, valued at $1,071,656,596.08. This link will take you to a page that contains more information.
Coupang Stock Drops 2.4 %
Trading on Thursday saw a decline of $0.38, bringing the price to $15.35. Stock of the company traded 7,302,328 share compared to an average of 7,278,733 shares. The company's current ratio is 1.18. It has a quick-ratio of 0.86, and a debt to equity ratio of 0.20. The stock's market capitalization is $27.31 billion. It has a PE of 127.93, and a beta value of 1.36. The company's 50-day average price is $15.80, and its 200-day average price is $16.31. The company last announced its results on May 9th. The company's earnings per share for the first quarter were $0.05, which was below analysts' expectations of $0.13. Revenue was $5.80 billion, which is lower than analyst expectations of $5.64. Coupang's net margin was 0.98%, and its return on equity was 9.03%. Coupang saw a 13.4% increase in revenue compared to last year's same quarter. In the same quarter of last year, Coupang earned $0.12 per share. Research analysts predict that Coupang, Inc., will average 0.25 earnings per shares for the current fiscal.
Institutional Trading of Coupang
Recently, a number of institutional investors as well as hedge funds have modified their holdings in the company. Royal London Asset Management Ltd. increased its stake in Coupang shares by 0.4% during the third quarter. Royal London Asset Management Ltd. owns now 195,898 of the company’s stock valued at $3,269,000, after purchasing an additional 784 during the last quarter. New York Life Investment Management LLC increased the position it held in Coupang during the first quarter by 6.2%. New York Life Investment Management LLC owns now 13,740 shares worth $220,000 of the company stock after adding 799 more shares during the period. Exchange Traded Concepts LLC has increased its holdings in Coupang during the first quarter by 1.5%. Exchange Traded Concepts LLC owns 56 291 shares worth $901,000, after adding 821 more shares. Strs Ohio grew its holdings in Coupang during the first quarter by 0.5%. Strs Ohio owns 187.667 shares worth $3.002,000, after adding 975 more shares. Treasurer of North Carolina also increased its holdings in Coupang during the fourth quarter by 9.4%. Treasurer of North Carolina owns now 12,450 shares worth $183,000, after adding 1,070 more shares. 71.56% of stock is owned by hedge funds and institutional investors.
Analysts set new price targets
Several analysts recently weighed-in on CPNG's shares. Morgan Stanley cut their target price for shares of Coupang in a report published on Monday, April 10, from $23.00 down to $22.00. Barclays began covering shares of Coupang on Thursday, 9th February in a research note. They gave the stock an 'overweight rating' and set a target price of $20.00. In a research note published on March 1st, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang to a "buy" rating from a "hold". They also set a target price of $20.00 for the stock. In a report published on May 11th, Bank of America raised its price target on shares of Coupang to $19.00 from $18.00. Seven analysts have given the stock a buy or hold rating. One analyst gave the stock a sell. According to MarketBeat.com Coupang's consensus rating is 'Moderate buy' with an average price target of $21.11.
Coupang Company profile
Coupang, Inc. is a South Korean e-commerce company that operates through mobile applications and Internet sites. It is divided into two segments: Product Commerce and Growth Initiatives. The company offers a wide range of products and services, including home decor, apparel, beauty, groceries, sporting good, electronics, everyday products, sports goods, travel, and restaurant delivery.
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