Coupang (NYSE:CPNG) Reaches New 1-Year High at $25.19

Shares of Coupang, Inc. (NYSE:CPNG) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $25.19 and last traded at $25.05, with a volume of 1104426 shares changing hands. The stock had previously closed at $24.92.

Analysts Set New Price Targets

Several brokerages recently issued reports on CPNG. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and boosted their price target for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. Morgan Stanley boosted their price target on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Coupang presently has an average rating of “Moderate Buy” and a consensus target price of $27.25.

Coupang Price Performance

The company has a 50 day moving average price of $22.40 and a 200 day moving average price of $21.52. The firm has a market cap of $44.82 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 181.74 and a beta of 1.10. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.72.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. The business had revenue of $7.32 billion for the quarter, compared to analyst estimates of $7.39 billion. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. On average, sell-side analysts expect that Coupang, Inc. will post 0.14 EPS for the current year.

Insider Transactions at Coupang

In related news, Director Benjamin Sun sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the sale, the director now owns 1,969,421 shares of the company’s stock, valued at approximately $46,005,674.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Benjamin Sun sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.36, for a total value of $4,672,000.00. Following the sale, the director now owns 1,969,421 shares of the company’s stock, valued at approximately $46,005,674.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Pranam Kolari sold 10,432 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $19.90, for a total value of $207,596.80. Following the completion of the sale, the insider now directly owns 170,356 shares in the company, valued at approximately $3,390,084.40. The disclosure for this sale can be found here. In the last quarter, insiders have bought 601,300 shares of company stock valued at $13,604,354 and have sold 410,432 shares valued at $9,429,597. Corporate insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Coupang

A number of institutional investors and hedge funds have recently bought and sold shares of CPNG. GAMMA Investing LLC raised its holdings in Coupang by 308.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after acquiring an additional 1,470 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Coupang in the 1st quarter valued at $50,000. Opal Wealth Advisors LLC acquired a new position in Coupang in the 2nd quarter valued at $74,000. Benjamin F. Edwards & Company Inc. raised its holdings in Coupang by 360.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,118 shares of the company’s stock valued at $86,000 after acquiring an additional 3,224 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Coupang in the 2nd quarter valued at $89,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

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.