Greenoaks Capital Partners Llc Acquires 650,000 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc bought 650,000 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were bought at an average price of $26.86 per share, for a total transaction of $17,459,000.00. Following the completion of the acquisition, the director now directly owns 55,131,161 shares in the company, valued at approximately $1,480,822,984.46. This trade represents a 1.19% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, May 14th, Greenoaks Capital Partners Llc bought 750,000 shares of Coupang stock. The shares were bought at an average price of $26.78 per share, for a total transaction of $20,085,000.00.

Coupang Price Performance

NYSE CPNG opened at $27.22 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $27.73. The company has a market capitalization of $49.15 billion, a PE ratio of 47.76, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The firm’s 50 day moving average is $23.01 and its 200-day moving average is $23.43.

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

Analyst Ratings Changes

CPNG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a report on Wednesday, February 26th. Barclays raised their target price on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Mizuho upgraded shares of Coupang to a “hold” rating in a report on Friday, April 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Hedge Funds Weigh In On Coupang

Institutional investors have recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. acquired a new position in Coupang during the fourth quarter worth $26,000. SVB Wealth LLC acquired a new position in Coupang during the first quarter worth $28,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Coupang during the first quarter worth $30,000. Berbice Capital Management LLC acquired a new position in Coupang during the fourth quarter worth $31,000. Finally, Grove Bank & Trust acquired a new position in Coupang during the first quarter worth $33,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

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.