Coupang (NYSE:CPNG) Sets New 52-Week High at $23.51

Coupang, Inc. (NYSE:CPNG)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $23.51 and last traded at $23.23, with a volume of 2593238 shares traded. The stock had previously closed at $23.00.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TheStreet raised Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.50 to $21.00 in a research report on Thursday, February 29th. Citigroup upgraded shares of Coupang from a “neutral” rating to a “buy” rating and boosted their price target for the company from $19.00 to $26.00 in a research report on Monday, April 15th. Barclays upped their price objective 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, Bank of America initiated coverage on shares of Coupang in a research note on Friday. They issued a “buy” rating and a $30.00 price target for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Coupang presently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

Coupang Trading Up 1.3 %

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 stock has a market capitalization of $41.77 billion, a P/E ratio of 31.09, a P/E/G ratio of 19.21 and a beta of 1.13. The firm’s 50 day moving average price is $19.65 and its 200 day moving average price is $17.17.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.40 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. As a group, equities research analysts expect that Coupang, Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Coupang

In other Coupang news, Director Neil Mehta sold 1,600,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were 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 in the company, valued at $896,754,601.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Coupang news, Director Neil Mehta sold 1,600,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $18.68, for a total transaction of $29,888,000.00. Following the completion of the transaction, the director now owns 48,006,135 shares of the company’s stock, valued at $896,754,601.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pranam Kolari sold 2,048 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the sale, the insider now owns 187,951 shares in the company, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,355,282 shares of company stock valued at $633,457,030. 14.90% of the stock is currently owned by company insiders.

Institutional Trading of Coupang

A number of hedge funds have recently made changes to their positions in CPNG. Ameriprise Financial Inc. grew its stake in shares of Coupang by 25.3% in the third quarter. Ameriprise Financial Inc. now owns 3,054,223 shares of the company’s stock worth $51,922,000 after acquiring an additional 616,210 shares during the last quarter. Twenty Acre Capital LP increased its stake in Coupang by 23.5% during the 4th quarter. Twenty Acre Capital LP now owns 505,914 shares of the company’s stock valued at $8,191,000 after purchasing an additional 96,300 shares in the last quarter. M&T Bank Corp purchased a new position in Coupang in the third quarter worth about $2,415,000. SG Americas Securities LLC raised its holdings in Coupang by 1,509.1% in the fourth quarter. SG Americas Securities LLC now owns 163,159 shares of the company’s stock worth $2,642,000 after buying an additional 153,019 shares during the last quarter. Finally, Sapient Capital LLC bought a new position in shares of Coupang in the fourth quarter worth approximately $2,486,000. 83.72% of the stock is owned by institutional investors.

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.