2 weeks Ago By ABMN Staff
Coupang, Inc. ( NYSE:CPNG – Get Free Report ) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $25.
19 and last traded at $25.05, with a volume of 1104426 shares changing hands. The stock had previously closed at $24.
92. Analyst Upgrades and Downgrades A number of equities research analysts have weighed in on CPNG shares. Morgan Stanley boosted their target price on shares of Coupang from $26.
00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, June 26th. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from $18.
00 to $31.00 in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company.
According to MarketBeat.com, Coupang has a consensus rating of “Moderate Buy” and a consensus target price of $27.25.
Get Our Latest Research Report on CPNG Coupang Stock Down 0.4 % Coupang ( NYSE:CPNG – Get Free Report ) last released its earnings results on Tuesday, August 6th. The company reported $0.
07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $7.39 billion.
During the same quarter in the previous year, the business earned $0.08 earnings per share. Coupang’s revenue for the quarter was up 25.
4% on a year-over-year basis. On average, sell-side analysts expect that Coupang, Inc. will post 0.
14 earnings per share for the current year. Insider Activity at Coupang In other Coupang news, insider Pranam Kolari sold 10,432 shares of Coupang stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $19.
90, for a total value of $207,596.80. Following the completion of the sale, the insider now directly owns 170,356 shares in the company, valued at $3,390,084.
40. The sale was disclosed in a filing with the SEC, which is available at the SEC website . In related news, insider Pranam Kolari sold 10,432 shares of the stock in a transaction on Friday, August 2nd.
The shares were sold at an average price of $19.90, for a total transaction of $207,596.80.
Following the transaction, the insider now directly owns 170,356 shares of the company’s stock, valued at $3,390,084.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
Also, Director Greenoaks Capital Partners Llc purchased 150,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $22.64 per share, with a total value of $3,396,000.
00. Following the completion of the purchase, the director now owns 49,874,924 shares of the company’s stock, valued at approximately $1,129,168,279.36.
The disclosure for this purchase can be found here . In the last 90 days, insiders have acquired 601,300 shares of company stock worth $13,604,354 and have sold 410,432 shares worth $9,429,597. 13.
60% of the stock is owned by corporate insiders. Institutional Inflows and Outflows Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bain Capital Public Equity Management II LLC acquired a new position in shares of Coupang during the fourth quarter worth approximately $18,850,000.
Nebula Research & Development LLC lifted its stake in shares of Coupang by 220.4% in the fourth quarter. Nebula Research & Development LLC now owns 98,140 shares of the company’s stock valued at $1,589,000 after buying an additional 67,509 shares in the last quarter.
Kontiki Capital Management HK Ltd. grew its holdings in shares of Coupang by 3.5% during the fourth quarter.
Kontiki Capital Management HK Ltd. now owns 8,533,568 shares of the company’s stock valued at $138,158,000 after buying an additional 287,000 shares during the last quarter. Tree Line Advisors Hong Kong Ltd.
increased its position in shares of Coupang by 49.0% during the fourth quarter. Tree Line Advisors Hong Kong Ltd.
now owns 2,980,000 shares of the company’s stock worth $48,246,000 after acquiring an additional 980,000 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Coupang by 17.9% in the 1st quarter.
Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock worth $318,000 after acquiring an additional 2,710 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.
About Coupang ( Get Free Report ) 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.
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