Coupang, Inc. (NYSE:CPNG) Short Interest Up 7.3% in January

Coupang, Inc. (NYSE:CPNG) was the target 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 stock are sold short. Based on an average trading volume of 7,620,000 shares, the short-interest ratio is currently 1.9 days.

Insider Buying and Selling

In other Coupang news, CEO Bom Kim sold 15,000,000 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. The trade was a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the firm’s stock in a transaction dated 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 purchase, the director now directly owns 52,726,423 shares of the company’s stock, valued at $1,269,652,265.84. The trade was a 1.32 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 13.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CPNG. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang during the fourth quarter worth $26,000. Brooklyn Investment Group bought a new position in Coupang during the third quarter worth about $28,000. Asset Dedication LLC grew its stake in Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after acquiring an additional 990 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Coupang in the fourth quarter worth about $31,000. Finally, Van ECK Associates Corp increased its holdings in shares of Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Trading Up 1.2 %

Shares of Coupang stock traded up $0.29 during trading on Tuesday, reaching $23.87. 1,057,256 shares of the company were exchanged, compared to its average volume of 5,923,406. Coupang has a twelve month low of $13.66 and a twelve month high of $26.91. The business has a 50-day moving average price of $23.07 and a 200-day moving average price of $23.43. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $42.93 billion, a price-to-earnings ratio of 41.87, a P/E/G ratio of 42.58 and a beta of 1.11.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating 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 company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same period in the prior year, the business posted $0.05 EPS. Coupang’s revenue was up 27.2% on a year-over-year basis. Sell-side analysts anticipate that Coupang will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

CPNG has been the topic of a number of recent research reports. Citigroup decreased their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. 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 report on Monday, October 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.