The stock of Coupang Inc. (NYSE:CPNG) last traded at $15.99, down -0.31% from the previous session.
CPNG stock price is now 3.13% away from the 50-day moving average and -4.55% away from the 200-day moving average. The market capitalization of the company currently stands at $29.04B.
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One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
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With the price target reduced from $27 to $18, BofA Securities Downgraded its rating from Buy to Neutral for Coupang Inc. (NYSE: CPNG). On March 01, 2023, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $20, while ‘Barclays’ rates the stock as ‘Overweight’.
In other news, Kang Hanseung, Rep Director, Business Mngmt sold 174,324 shares of the company’s stock on May 15. The stock was sold for $2,789,184 at an average price of $16.00. Upon completion of the transaction, the Rep Director, Business Mngmt now directly owns 475,743 shares in the company, valued at $7.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 08, Director GREENOAKS CAPITAL PARTNERS LLC sold 200,000 shares of the business’s stock. A total of $3,652,000 was realized by selling the stock at an average price of $18.26. This leaves the insider owning 70,651,928 shares of the company worth $1.13 billion. Insiders disposed of 67,863,115 shares of company stock worth roughly $1.09 billion over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CPNG stock. A new stake in Coupang Inc. shares was purchased by VIKING GLOBAL INVESTORS LP during the first quarter worth $118,669,000. POINTSTATE CAPITAL LP invested $80,237,000 in shares of CPNG during the first quarter. In the first quarter, FULLERTON FUND MANAGEMENT CO LTD. acquired a new stake in Coupang Inc. valued at approximately $23,690,000. IEQ CAPITAL, LLC acquired a new stake in CPNG for approximately $10,223,000. UNTITLED INVESTMENTS LP purchased a new stake in CPNG valued at around $10,051,000 in the second quarter. In total, there are 511 active investors with 80.10% ownership of the company’s stock.
With an opening price of $16.07 on Thursday morning, Coupang Inc. (NYSE: CPNG) set off the trading day. During the past 12 months, Coupang Inc. has had a low of $10.51 and a high of $21.38. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.20, and a quick ratio of 0.90. The fifty day moving average price for CPNG is $15.54 and a two-hundred day moving average price translates $16.74 for the stock.
The latest earnings results from Coupang Inc. (NYSE: CPNG) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at $0.05, inline with analysts’ expectations of $0.05. This compares to -$0.12 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 9.00% for CPNG. The company reported revenue of $5.8 billion for the quarter, compared to $5.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.36 percent. For the current quarter, analysts expect CPNG to generate $5.69B in revenue.
Coupang Inc.(CPNG) Company Profile
Coupang, Inc., together with its subsidiaries owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. The company operates through two segments, Product Commerce and Developing Offerings. 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. The company also offers Rocket Fresh, which offers fresh groceries; Coupang Eats, a restaurant ordering and delivery services; and Coupang Play, an online content streaming services, as well as advertising products. It also performs operations and support services in the United States, Japan, Taiwan, Singapore, and China. Coupang, Inc. was incorporated in 2010 and is headquartered in Seattle, Washington.
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