Coupang, Inc. (NYSE:CPNG - Get Free Report) major shareholder Svf Investments (Uk) Ltd sold 10,000,000 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.25, for a total transaction of $282,500,000.00. Following the completion of the sale, the insider now directly owns 309,542,259 shares of the company's stock, valued at approximately $8,744,568,816.75. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Svf Investments (Uk) Ltd also recently made the following trade(s):
- On Thursday, May 8th, Svf Investments (Uk) Ltd sold 30,000,000 shares of Coupang stock. The stock was sold at an average price of $25.75, for a total transaction of $772,500,000.00.
Coupang Stock Performance
CPNG opened at $28.29 on Wednesday. The stock has a market capitalization of $51.35 billion, a price-to-earnings ratio of 202.04 and a beta of 1.15. The company has a fifty day moving average of $25.56 and a 200 day moving average of $23.92. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $29.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.16.
Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $8.02 billion. Coupang had a net margin of 0.82% and a return on equity of 10.07%. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Coupang
Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock valued at $1,663,594,000 after purchasing an additional 17,123,637 shares during the last quarter. Dodge & Cox lifted its position in Coupang by 101.6% during the first quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock valued at $894,413,000 after purchasing an additional 20,555,600 shares during the last quarter. FMR LLC lifted its position in Coupang by 9.1% during the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock valued at $651,038,000 after purchasing an additional 2,465,973 shares during the last quarter. Durable Capital Partners LP lifted its position in Coupang by 13.6% during the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock valued at $629,426,000 after purchasing an additional 3,420,133 shares during the last quarter. Finally, Dragoneer Investment Group LLC lifted its position in Coupang by 9.0% during the fourth quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock valued at $451,497,000 after purchasing an additional 1,690,826 shares during the last quarter. Institutional investors own 83.72% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research note on Wednesday, February 26th. Mizuho raised shares of Coupang to a "hold" rating in a research note on Friday, April 18th. Finally, Barclays increased their price objective on shares of Coupang from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Coupang currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.
Check Out Our Latest Stock Report on Coupang
About Coupang
(
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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.
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