Coupang (NYSE:CPNG) Sets New 1-Year High - What's Next?

Coupang, Inc. (NYSE:CPNG - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $25.40 and last traded at $25.40, with a volume of 151339 shares. The stock had previously closed at $24.59.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CPNG. CLSA upgraded shares of Coupang from a "hold" rating to an "outperform" rating and lifted their price target for the stock from $18.00 to $31.00 in a 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 price target for the company in a report on Monday. Finally, Morgan Stanley raised their target price on shares of Coupang from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.56.

Coupang Trading Up 4.9 %

The stock has a market capitalization of $46.13 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 181.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.12 and a quick ratio of 0.87. The business's 50-day simple moving average is $22.91 and its two-hundred day simple moving average is $21.80.

Coupang (NYSE:CPNG - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping 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 business had revenue of $7.32 billion for the quarter, compared to analysts' expectations of $7.39 billion. During the same period in the previous year, the company posted $0.08 earnings per share. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. On average, research analysts anticipate that Coupang, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In related news, Director Benjamin Sun sold 200,000 shares of Coupang stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.36, for a total value of $4,672,000.00. Following the completion of the sale, the director now owns 1,969,421 shares in the company, valued at approximately $46,005,674.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Greenoaks Capital Partners Llc purchased 100,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $1,158,429,340.80. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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. Corporate insiders own 13.60% of the company's stock.

Hedge Funds Weigh In On Coupang

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Coupang by 308.2% in the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company's stock worth $41,000 after purchasing an additional 1,470 shares during the period. Register Financial Advisors LLC acquired a new stake in Coupang in the first quarter worth about $50,000. Opal Wealth Advisors LLC acquired a new stake in Coupang in the second quarter worth about $74,000. Benjamin F. Edwards & Company Inc. lifted 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 stake in Coupang in the 2nd quarter valued at about $89,000. Institutional investors and hedge funds 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.