Greenoaks Capital Partners Llc Purchases 750,000 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc bought 750,000 shares of the company’s stock in a transaction on Wednesday, May 14th. The stock was bought at an average price of $26.78 per share, with a total value of $20,085,000.00. Following the completion of the acquisition, the director now owns 54,481,161 shares in the company, valued at $1,459,005,491.58. This represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, May 15th, Greenoaks Capital Partners Llc bought 650,000 shares of Coupang stock. The stock was bought at an average price of $26.86 per share, with a total value of $17,459,000.00.

Coupang Stock Performance

NYSE CPNG opened at $27.22 on Friday. The stock has a fifty day simple moving average of $23.01 and a 200-day simple moving average of $23.45. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $27.73. The stock has a market cap of $49.15 billion, a PE ratio of 47.76, a P/E/G ratio of 52.20 and a beta of 1.08. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $8.02 billion. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On Coupang

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wingate Wealth Advisors Inc. purchased a new position in Coupang during the 4th quarter valued at about $26,000. SVB Wealth LLC purchased a new position in Coupang during the 1st quarter valued at about $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Coupang during the 1st quarter valued at about $30,000. Berbice Capital Management LLC purchased a new position in Coupang during the 4th quarter valued at about $31,000. Finally, Grove Bank & Trust purchased a new position in Coupang during the 1st quarter valued at about $33,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Mizuho upgraded Coupang to a “hold” rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a report on Wednesday, February 26th. Finally, Barclays increased their price target on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. One investment 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, the company has an average rating of “Moderate Buy” and a consensus price target of $29.64.

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.