Coupang, Inc. (NYSE:CPNG) Short Interest Update

Coupang, Inc. (NYSE:CPNG) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 14,300,000 shares, a decline of 11.4% from the September 15th total of 16,140,000 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 6,850,000 shares, the short-interest ratio is presently 2.1 days.

Insiders Place Their Bets

In other Coupang news, Director Greenoaks Capital Partners Llc bought 100,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average cost of $22.95 per share, with a total value of $2,295,000.00. Following the acquisition, the director now directly owns 50,476,224 shares of the company’s stock, valued at $1,158,429,340.80. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other Coupang news, Director Greenoaks Capital Partners Llc bought 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the completion of the purchase, the director now owns 50,476,224 shares of the company’s stock, valued at approximately $1,158,429,340.80. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pranam Kolari sold 10,432 shares of the business’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 transaction, the insider now directly owns 170,356 shares in the company, valued at approximately $3,390,084.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 601,300 shares of company stock valued at $13,604,354 and have sold 411,388 shares valued at $9,452,761. 13.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coupang

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Coupang by 308.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock worth $41,000 after buying an additional 1,470 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Coupang during the first quarter worth about $50,000. Opal Wealth Advisors LLC purchased a new position in shares of Coupang in the 2nd quarter worth about $74,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of 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 purchasing an additional 3,224 shares in the last quarter. Finally, Northwest Capital Management Inc purchased a new stake in shares of Coupang during the 3rd quarter worth about $87,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CPNG. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and increased their price target for the company from $18.00 to $31.00 in a report on Wednesday, September 4th. Morgan Stanley increased their target price on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Finally, Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Coupang currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Trading Down 0.2 %

Shares of CPNG opened at $25.65 on Tuesday. Coupang has a fifty-two week low of $13.51 and a fifty-two week high of $26.28. The stock has a fifty day moving average of $23.54 and a two-hundred day moving average of $22.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 1.12. The company has a market capitalization of $45.86 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 282.07 and a beta of 1.11.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the prior year, the company posted $0.08 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, analysts forecast that Coupang will post 0.09 EPS for the current year.

Coupang Company Profile

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.