Coupang (NYSE:CPNG) Shares Down 4.4%

Coupang, Inc. (NYSE:CPNG)’s stock price traded down 4.4% during trading on Monday . The stock traded as low as $20.39 and last traded at $20.45. 1,713,278 shares were traded during trading, a decline of 86% from the average session volume of 11,938,493 shares. The stock had previously closed at $21.40.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CPNG. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and lifted their price target for the stock from $18.50 to $21.00 in a research note on Thursday, February 29th. Barclays increased their price objective on shares of Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. UBS Group upgraded shares of Coupang from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.50 to $26.00 in a research report on Thursday, May 16th. Finally, Mizuho upped their price target on shares of Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.67.

Coupang Trading Down 4.0 %

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.15 and a quick ratio of 0.89. The firm has a market cap of $36.74 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 8.79 and a beta of 1.12. The business’s 50-day moving average price is $22.15 and its two-hundred day moving average price is $18.42.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coupang had a net margin of 4.96% and a return on equity of 13.59%. The business had revenue of $7.11 billion during the quarter, compared to analyst estimates of $6.95 billion. During the same quarter last year, the firm posted $0.05 earnings per share. The company’s revenue was up 22.6% on a year-over-year basis. Equities analysts expect that Coupang, Inc. will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Greenoaks Capital Partners Llc purchased 120,239 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were bought at an average price of $22.53 per share, for a total transaction of $2,708,984.67. Following the acquisition, the director now directly owns 48,126,374 shares in the company, valued at $1,084,287,206.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Greenoaks Capital Partners Llc purchased 120,239 shares of the company’s stock in a transaction on Friday, May 10th. The stock was bought at an average cost of $22.53 per share, for a total transaction of $2,708,984.67. Following the completion of the purchase, the director now directly owns 48,126,374 shares of the company’s stock, valued at approximately $1,084,287,206.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hanseung Kang sold 40,000 shares of Coupang stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $23.00, for a total value of $920,000.00. Following the completion of the transaction, the director now directly owns 544,478 shares in the company, valued at $12,522,994. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,538 shares of company stock valued at $1,221,818. Insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its position in shares of Coupang by 135.8% during the first quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock worth $26,000 after purchasing an additional 827 shares in the last quarter. Headinvest LLC bought a new stake in shares of Coupang in the 3rd quarter valued at approximately $29,000. Register Financial Advisors LLC acquired a new stake in shares of Coupang during the first quarter worth $50,000. Acadian Asset Management LLC lifted its position in shares of Coupang by 438.7% in the 1st quarter. Acadian Asset Management LLC now owns 5,581 shares of the company’s stock worth $99,000 after buying an additional 4,545 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Coupang by 27.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company’s stock worth $138,000 after acquiring an additional 1,821 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

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.