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

Coupang, Inc. (NYSE:CPNG - Get Free Report) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 14,760,000 shares, an increase of 7.3% from the December 31st total of 13,750,000 shares. Based on an average daily volume of 7,620,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.2% of the company's stock are sold short.

Coupang Stock Performance

NYSE CPNG traded down $0.21 on Friday, reaching $23.65. 8,396,141 shares of the company's stock traded hands, compared to its average volume of 6,309,109. Coupang has a fifty-two week low of $14.10 and a fifty-two week high of $26.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The firm has a market cap of $42.54 billion, a price-to-earnings ratio of 41.49, a P/E/G ratio of 42.58 and a beta of 1.11. The stock has a 50 day moving average price of $22.98 and a 200-day moving average price of $23.46.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company's revenue was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. Equities research analysts predict that Coupang will post 0.14 EPS for the current fiscal year.

Insider Activity at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the firm's stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the completion of the purchase, the director now owns 52,726,423 shares in the company, valued at $1,269,652,265.84. This represents a 1.32 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,009,234 shares of company stock valued at $344,761,515 over the last quarter. 13.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coupang

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its position in Coupang by 32.0% during the third quarter. FMR LLC now owns 27,153,608 shares of the company's stock valued at $666,621,000 after buying an additional 6,584,910 shares during the period. State Street Corp raised its holdings in Coupang by 1.9% in the 3rd quarter. State Street Corp now owns 14,125,599 shares of the company's stock worth $346,783,000 after purchasing an additional 259,400 shares during the period. Wellington Management Group LLP boosted its position in Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company's stock worth $211,868,000 after purchasing an additional 2,603,046 shares in the last quarter. Coronation Fund Managers Ltd. grew its holdings in Coupang by 53.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock valued at $162,292,000 after purchasing an additional 2,566,581 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Coupang by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock valued at $144,483,000 after buying an additional 29,164 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, Citigroup cut their price target on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. One equities research 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, Coupang currently has an average rating of "Moderate Buy" and an average price target of $27.56.

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.