Coupang (NYSE:CPNG) Director Purchases $37,601,372.24 in Stock

Coupang, Inc. (NYSE:CPNG) Director Neil Mehta acquired 2,017,241 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of $18.64 per share, with a total value of $37,601,372.24. Following the completion of the transaction, the director owned 49,978,114 shares of the company’s stock, valued at approximately $931,592,044.96. This trade represents a 4.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Neil Mehta also recently made the following trade(s):

• On Friday, March 13th, Neil Mehta bought 2,332,863 shares of Coupang stock. The shares were acquired at an average price of $18.40 per share, for a total transaction of $42,924,679.20.
• On Thursday, March 12th, Neil Mehta bought 3,000,000 shares of Coupang stock. The stock was acquired at an average cost of $18.68 per share, for a total transaction of $56,040,000.00.

Coupang Stock Down 0.5%

Shares of NYSE:CPNG opened at $18.46 on Monday. Coupang, Inc. has a one year low of $16.74 and a one year high of $34.08. The company has a 50 day moving average of $19.58 and a 200-day moving average of $25.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 0.79. The stock has a market cap of $33.71 billion, a price-to-earnings ratio of 153.80 and a beta of 1.20.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). Coupang had a net margin of 0.60% and a return on equity of 4.52%. The business had revenue of $8.84 billion during the quarter, compared to analyst estimates of $9.12 billion. During the same quarter in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On Coupang

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dodge & Cox increased its position in shares of Coupang by 4.9% in the 4th quarter. Dodge & Cox now owns 49,233,320 shares of the company’s stock valued at $1,161,414,000 after buying an additional 2,285,600 shares in the last quarter. Capital International Investors lifted its holdings in Coupang by 20.4% during the fourth quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock worth $970,340,000 after acquiring an additional 6,977,942 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Coupang by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after acquiring an additional 951,812 shares in the last quarter. Tiger Global Management LLC grew its stake in Coupang by 65.9% in the fourth quarter. Tiger Global Management LLC now owns 26,267,259 shares of the company’s stock valued at $619,645,000 after acquiring an additional 10,429,680 shares during the period. Finally, Durable Capital Partners LP grew its stake in Coupang by 0.4% in the third quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock valued at $799,629,000 after acquiring an additional 89,207 shares during the period. 83.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CPNG shares. Barclays increased their price target on Coupang from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Friday, January 16th. Nomura cut their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. UBS Group set a $25.00 target price on Coupang in a report on Thursday, February 19th. Finally, Mizuho decreased their target price on Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.70.

Trending Headlines about Coupang

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Director Neil Mehta bought a total of ~7.35 million CPNG shares across March 11–13 (~$18.40–$18.68 per share), representing roughly $136.5M of purchases and boosting his stake to ~55.3M shares — a strong insider vote of confidence that can support the stock. Read More. Read More.
• Neutral Sentiment: Analysts’ reactions after Q4 are mixed — some note improving revenue growth but others highlight margin/earnings pressure and differing price targets, leaving near-term sentiment uncertain. Read More. Read More.
• Neutral Sentiment: Market commentary highlights elevated investor attention and mixed valuation signals — some argue recent share weakness creates an undervaluation opportunity, while others point to execution risks. Read More. Read More.
• Negative Sentiment: Near-term headwinds remain: recent quarterly results missed consensus on EPS and revenue, margins are thin and the stock trades below its 50-day and 200-day moving averages with a high trailing P/E, which can keep downward pressure absent clearer improvement in fundamentals. (Reference: analyst coverage and company Q4 commentary linked above.)

About Coupang

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.