Insider Buying: Coupang, Inc. (NYSE:CPNG) Director Buys $5,674,354.00 in Stock

Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc bought 251,300 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $22.58 per share, with a total value of $5,674,354.00. Following the completion of the purchase, the director now owns 50,126,224 shares in the company, valued at approximately $1,131,850,137.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Greenoaks Capital Partners Llc also recently made the following trade(s):

• On Thursday, August 15th, Greenoaks Capital Partners Llc bought 100,000 shares of Coupang stock. The shares were acquired at an average cost of $22.39 per share, with a total value of $2,239,000.00.
• On Friday, August 9th, Greenoaks Capital Partners Llc bought 150,000 shares of Coupang stock. The shares were acquired at an average cost of $22.64 per share, with a total value of $3,396,000.00.

Coupang Stock Performance

Coupang stock opened at $22.45 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.89 and a current ratio of 1.15. The stock has a fifty day moving average of $21.19 and a two-hundred day moving average of $20.10. The company has a market capitalization of $40.14 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 2,041.58 and a beta of 1.09. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $23.77.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. Coupang had a return on equity of 13.59% and a net margin of 4.96%. The business had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter last year, the firm earned $0.08 earnings per share. The business’s revenue was up 25.4% on a year-over-year basis. On average, analysts anticipate that Coupang, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Coupang

Hedge funds have recently made changes to their positions in the business. Bain Capital Public Equity Management II LLC acquired a new stake in shares of Coupang during the fourth quarter worth $18,850,000. Nebula Research & Development LLC boosted its holdings in shares of Coupang by 220.4% during the fourth quarter. Nebula Research & Development LLC now owns 98,140 shares of the company’s stock worth $1,589,000 after purchasing an additional 67,509 shares during the last quarter. Kontiki Capital Management HK Ltd. boosted its holdings in shares of Coupang by 3.5% during the fourth quarter. Kontiki Capital Management HK Ltd. now owns 8,533,568 shares of the company’s stock worth $138,158,000 after purchasing an additional 287,000 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. boosted its holdings in shares of Coupang by 49.0% during the fourth quarter. Tree Line Advisors Hong Kong Ltd. now owns 2,980,000 shares of the company’s stock worth $48,246,000 after purchasing an additional 980,000 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Coupang by 17.9% during the first quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock worth $318,000 after purchasing an additional 2,710 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CPNG. Morgan Stanley raised their price objective on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Citigroup raised their price objective on Coupang from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. UBS Group raised Coupang from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.50 to $26.00 in a research note on Thursday, May 16th. Bank of America began coverage on Coupang in a research note on Friday, May 3rd. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Mizuho raised their price objective on Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and a consensus target price of $26.71.

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.