Coupang, Inc. (NYSE:CPNG) Short Interest Update

Coupang, Inc. (NYSE:CPNG) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 14,760,000 shares, an increase of 7.3% from the December 31st total of 13,750,000 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 7,620,000 shares, the short-interest ratio is currently 1.9 days.

Analyst Ratings Changes

CPNG has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, October 7th. Citigroup dropped their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Coupang has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Price Performance

NYSE:CPNG traded up $0.44 during trading hours on Tuesday, reaching $24.02. The stock had a trading volume of 645,146 shares, compared to its average volume of 5,904,314. The stock has a market capitalization of $43.21 billion, a PE ratio of 42.21, a PEG ratio of 42.58 and a beta of 1.11. Coupang has a 52 week low of $13.66 and a 52 week high of $26.91. The company has a 50 day moving average price of $23.07 and a two-hundred day moving average price of $23.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The business had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. As a group, sell-side analysts anticipate that Coupang will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In related news, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the business’s stock in a transaction on Monday, November 11th. The stock was acquired at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now owns 52,726,423 shares of the company’s stock, valued at approximately $1,269,652,265.84. This trade represents a 1.32 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at approximately $45,940,000. The trade was a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

Several large investors have recently modified their holdings of the stock. FMR LLC lifted its stake in Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after purchasing an additional 6,584,910 shares during the last quarter. State Street Corp raised its holdings in shares of Coupang by 1.9% in the 3rd quarter. State Street Corp now owns 14,125,599 shares of the company’s stock valued at $346,783,000 after purchasing an additional 259,400 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after buying an additional 2,603,046 shares during the period. Coronation Fund Managers Ltd. boosted its position in Coupang by 53.3% during the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock valued at $162,292,000 after purchasing an additional 2,566,581 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Coupang by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock worth $144,483,000 after acquiring an additional 29,164 shares in 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.