Coupang, Inc. (NYSE:CPNG) Short Interest Down 12.4% in November

Coupang, Inc. (NYSE:CPNG - Get Free Report) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 14,950,000 shares, a drop of 12.4% from the November 15th total of 17,070,000 shares. Approximately 1.3% of the company's shares are sold short. Based on an average daily trading volume, of 7,790,000 shares, the days-to-cover ratio is presently 1.9 days.

Coupang Stock Performance

Shares of CPNG traded down $0.43 during mid-day trading on Friday, reaching $23.89. 6,092,863 shares of the company's stock were exchanged, compared to its average volume of 9,658,216. The business's fifty day simple moving average is $24.97 and its 200-day simple moving average is $23.15. The stock has a market capitalization of $42.97 billion, a PE ratio of 41.91, a price-to-earnings-growth ratio of 215.03 and a beta of 1.07. Coupang has a 52-week low of $13.51 and a 52-week 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.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same period last year, the firm posted $0.05 EPS. Coupang's revenue for the quarter was up 27.2% on a year-over-year basis. On average, equities research analysts expect that Coupang will post 0.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Bom Kim sold 15,000,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the transaction, the chief executive officer now owns 2,000,000 shares of the company's stock, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the acquisition, the director now directly owns 52,726,423 shares of the company's stock, valued at approximately $1,269,652,265.84. This represents a 1.32 % increase in their position. The disclosure for this purchase can be found here. 13.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coupang

Several institutional investors have recently added to or reduced their stakes in CPNG. Van ECK Associates Corp lifted its stake in shares of Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock worth $32,000 after acquiring an additional 484 shares during the period. Covestor Ltd raised its holdings in Coupang by 10.4% during the third quarter. Covestor Ltd now owns 6,479 shares of the company's stock worth $159,000 after purchasing an additional 612 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in Coupang by 6.0% in the second quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company's stock valued at $235,000 after purchasing an additional 635 shares during the period. Janus Henderson Group PLC increased its position in Coupang by 2.2% during the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company's stock worth $850,000 after purchasing an additional 747 shares during the period. Finally, Advisory Resource Group raised its stake in shares of Coupang by 1.9% during the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company's stock worth $1,083,000 after buying an additional 823 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Wall Street Analyst Weigh In

CPNG has been the topic of several recent research reports. CLSA upgraded Coupang from a "hold" rating to an "outperform" rating and upped 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 on the stock in a research note on Monday, October 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Coupang currently has an average rating of "Moderate Buy" and an average target price 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.