Greenoaks Capital Partners Llc Acquires 750,000 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) Director Greenoaks Capital Partners Llc acquired 750,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $24.01 per share, for a total transaction of $18,007,500.00. Following the completion of the transaction, the director now directly owns 52,038,723 shares in the company, valued at approximately $1,249,449,739.23. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, November 11th, Greenoaks Capital Partners Llc acquired 687,700 shares of Coupang stock. The stock was acquired at an average price of $24.08 per share, for a total transaction of $16,559,816.00.
• On Wednesday, August 21st, Greenoaks Capital Partners Llc acquired 100,000 shares of Coupang stock. The stock was acquired 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 acquired 100,000 shares of Coupang stock. The stock was acquired at an average price of $22.39 per share, for a total transaction of $2,239,000.00.

Coupang Trading Up 5.7 %

Shares of CPNG stock opened at $25.91 on Thursday. The firm has a market cap of $46.47 billion, a P/E ratio of 45.07, a PEG ratio of 220.61 and a beta of 1.10. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The firm’s 50-day simple moving average is $24.77 and its 200-day simple moving average is $22.84.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from $18.00 to $31.00 in a research report on Wednesday, September 4th. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price on the stock in a report on Monday, October 7th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Bleakley Financial Group LLC lifted its holdings in shares of Coupang by 17.9% during the 1st 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 increased 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 in the last quarter. abrdn plc increased its position in Coupang by 40.2% during the 3rd quarter. abrdn plc now owns 202,359 shares of the company’s stock worth $4,968,000 after purchasing an additional 58,060 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Coupang by 5.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company’s stock worth $39,801,000 after purchasing an additional 110,700 shares in the last quarter. Finally, Coronation Fund Managers Ltd. increased its position in Coupang by 139.1% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after purchasing an additional 2,802,325 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

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.