Coupang, Inc. (NYSE:CPNG - Get Free Report) Director Greenoaks Capital Partners Llc purchased 687,700 shares of the business's stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $24.08 per share, for a total transaction of $16,559,816.00. Following the completion of the acquisition, the director now directly owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were bought at an average cost 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 bought at an average price of $22.95 per share, for a total transaction of $2,295,000.00.
- On Thursday, August 15th, Greenoaks Capital Partners Llc purchased 100,000 shares of Coupang stock. The stock was purchased at an average price of $22.39 per share, for a total transaction of $2,239,000.00.
Coupang Price Performance
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NYSE CPNG opened at $24.51 on Wednesday. The company has a market cap of $43.96 billion, a price-to-earnings ratio of 43.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.87. The stock's fifty day moving average price is $24.72 and its 200 day moving average price is $22.83. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $26.91.
Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share 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 business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same period in the prior year, the company earned $0.05 earnings per share. The company's revenue was up 27.2% on a year-over-year basis. As a group, equities research analysts forecast that Coupang, Inc. will post 0.11 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Sanford C. Bernstein raised shares of Coupang from an "underperform" rating to an "outperform" rating and set a $30.00 target price for the company in a research report on Monday, October 7th. CLSA upgraded Coupang from a "hold" rating to an "outperform" rating and increased their price objective for the company from $18.00 to $31.00 in a report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $27.56.
Check Out Our Latest Stock Analysis on CPNG
Hedge Funds Weigh In On Coupang
A number of institutional investors have recently bought and sold shares of CPNG. Bleakley Financial Group LLC increased its stake in shares of Coupang by 17.9% in the first quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company's stock worth $318,000 after acquiring an additional 2,710 shares during the period. Handelsbanken Fonder AB grew its position in Coupang by 2.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company's stock worth $21,706,000 after purchasing an additional 24,553 shares during the period. abrdn plc raised its stake in shares of Coupang by 40.2% during the 3rd quarter. abrdn plc now owns 202,359 shares of the company's stock valued at $4,968,000 after buying an additional 58,060 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Coupang by 5.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company's stock valued at $39,801,000 after buying an additional 110,700 shares during the period. Finally, Coronation Fund Managers Ltd. boosted its stake in shares of Coupang by 139.1% in the third quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company's stock worth $118,258,000 after buying an additional 2,802,325 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.
Coupang Company Profile
(
Get Free Report)
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.
Further Reading
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