In Tuesday’s Wall Street session, Coupang Inc (NYSE:CPNG) shares traded at $28.45, up 3.64% from the previous session.
CPNG stock price is now 19.99% away from the 50-day moving average and 19.61% away from the 200-day moving average. The market capitalization of the company currently stands at $51.65B.
With the price target maintained at $28.50, Deutsche Bank recently Upgraded its rating from Hold to Buy for Coupang Inc (NYSE: CPNG). On October 07, 2024, Bernstein Upgraded its previous ‘Underperform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $30, while ‘CLSA’ rates the stock as ‘Outperform’
In other news, GREENOAKS CAPITAL PARTNERS LLC, Director bought 750,000 shares of the company’s stock on May 14 ’25. The stock was bought for $20,082,300 at an average price of $26.78. Upon completion of the transaction, the Director now directly owns 54,481,161 shares in the company, valued at $1.55 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’25, Director GREENOAKS CAPITAL PARTNERS LLC bought 650,000 shares of the business’s stock. A total of $17,458,610 was incurred on buying the stock at an average price of $26.86. This leaves the insider owning 55,131,161 shares of the company worth $1.57 billion. A total of 31.61% of the company’s stock is owned by insiders.
During the past 12 months, Coupang Inc has had a low of $18.16 and a high of $27.73. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 1.16, and a quick ratio of 0.90.
The net profit margin was 0.82% and return on equity was 6.06% for CPNG. The company reported revenue of $7.91 billion for the quarter, compared to $7.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.16 percent.
