Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc Sells 2,000,000 Shares of Stock

Coupang, Inc. (NYSE:CPNG – Get Rating) Director Greenoaks Capital Partners Llc sold 2,000,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $15.61, for a total value of $31,220,000.00. Following the completion of the transaction, the director now owns 68,651,928 shares in the company, valued at $1,071,656,596.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Coupang Price Performance

Shares of CPNG stock opened at $15.35 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.20. Coupang, Inc. has a 12-month low of $10.51 and a 12-month high of $21.38. The firm has a fifty day moving average of $15.85 and a 200-day moving average of $16.30. The firm has a market capitalization of $27.31 billion, a price-to-earnings ratio of 127.92 and a beta of 1.36.

Coupang (NYSE:CPNG – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.08). Coupang had a return on equity of 9.03% and a net margin of 0.98%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. On average, equities research analysts forecast that Coupang, Inc. will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CPNG. Bank of America raised their price target on Coupang from $18.00 to $19.00 in a report on Thursday, May 11th. Barclays initiated coverage on shares of Coupang in a research note on Thursday, February 9th. They set an “overweight” rating and a $20.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, March 1st. Finally, Morgan Stanley lowered their target price on shares of Coupang from $23.00 to $22.00 in a report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.11.

Hedge Funds Weigh In On Coupang

Several institutional investors and hedge funds have recently modified their holdings of CPNG. Eagle Bay Advisors LLC acquired a new stake in Coupang during the 2nd quarter worth approximately $26,000. Dark Forest Capital Management LP increased its position in shares of Coupang by 727.8% during the fourth quarter. Dark Forest Capital Management LP now owns 1,962 shares of the company’s stock worth $29,000 after acquiring an additional 1,725 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Coupang during the fourth quarter worth $36,000. JTC Employer Solutions Trustee Ltd bought a new stake in Coupang in the 4th quarter valued at $37,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in Coupang in the 1st quarter worth $40,000. 71.56% of the stock is currently owned by institutional investors and hedge funds.

Coupang Company Profile

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Coupang, Inc owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It operates through two segments, Product Commerce and Growth Initiatives. The company 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.