Greenoaks Capital Partners Llc Purchases 687,700 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc bought 687,700 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average cost of $24.08 per share, for a total transaction 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 $1,269,652,265.84. This trade represents a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 8th, Greenoaks Capital Partners Llc acquired 750,000 shares of Coupang stock. The stock was bought at an average price of $24.01 per share, for a total transaction of $18,007,500.00.
• On Wednesday, August 21st, Greenoaks Capital Partners Llc bought 100,000 shares of Coupang stock. The stock was purchased at an average price of $22.95 per share, with a total value of $2,295,000.00.
• On Thursday, August 15th, Greenoaks Capital Partners Llc purchased 100,000 shares of Coupang stock. The shares were purchased at an average price of $22.39 per share, for a total transaction of $2,239,000.00.

Coupang Trading Down 2.2 %

CPNG stock opened at $25.33 on Friday. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $26.91. The business’s 50-day moving average is $24.81 and its 200 day moving average is $22.87. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market cap of $45.43 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 220.61 and a beta of 1.10.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same period in the previous year, the company posted $0.05 earnings per share. The business’s revenue was up 27.2% on a year-over-year basis. On average, sell-side analysts anticipate that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Coupang

A number of large investors have recently modified their holdings of CPNG. Brooklyn Investment Group purchased a new position in shares of Coupang in the third quarter worth about $28,000. Asset Dedication LLC lifted its stake in Coupang by 438.1% in the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after purchasing an additional 990 shares in the last quarter. Van ECK Associates Corp lifted its stake in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Coupang by 308.2% in the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after purchasing an additional 1,470 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after purchasing an additional 1,295 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CPNG. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and increased their target price for the stock from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Monday, October 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Coupang presently has an average rating of “Moderate Buy” and a consensus price target of $27.56.

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.