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Coupang Inc (CPNG) – key numbers that make it a Strong Buy For Now

Coupang Inc (NYSE: CPNG) is 12.60% higher on its value in year-to-date trading and has touched a low of $13.51 and a high of $19.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CPNG stock was last observed hovering at around $18.20 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $18.23, the stock is -0.69% and 10.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.37 million and changing 0.16% at the moment leaves the stock 7.46% off its SMA200. CPNG registered 16.11% gain for a year compared to 6-month gain of 7.24%. The firm has a 50-day simple moving average (SMA 50) of $1.24 and a 200-day simple moving average (SMA200) of $33.34.

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The stock witnessed a -3.80% loss in the last 1 month and extending the period to 3 months gives it a 12.60%, and is 3.58% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.55% over the week and 3.32% over the month.

Coupang Inc (CPNG) has around 78000 employees, a market worth around $32.69B and $24.38B in sales. Current P/E ratio is 24.25 and Fwd P/E is 30.20. Profit margin for the company is 5.57%. Distance from 52-week low is 34.94% and -8.80% from its 52-week high. The company has generated returns on investments over the last 12 months (22.64%).

Coupang Inc quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $6.79B over the same period.The EPS is expected to shrink by -61.48% this year, but quarterly earnings will post 18.00% year-over-year. Quarterly sales are estimated to grow 17.00% in year-over-year returns.

Coupang Inc (CPNG) Top Institutional Holders

592 institutions hold shares in Coupang Inc (CPNG), with institutional investors hold 81.48% of the company’s shares. The shares outstanding are 1.62B, and float is at 1.17B with Short Float at 2.57%. Institutions hold 80.79% of the Float.

The top institutional shareholder in the company is SB Investment Advisers (UK) LTD with over 426.16 million shares valued at $7.42 billion. The investor’s holdings represent 26.49% of the CPNG Shares outstanding. As of Jun 29, 2023, the second largest holder is Morgan Stanley with 112.64 million shares valued at $1.96 billion to account for 7.00% of the shares outstanding. The other top investors are Baillie Gifford and Company which holds 111.1 million shares representing 6.91% and valued at over $1.93 billion, while Maverick Capital Ltd. holds 4.94% of the shares totaling 79.51 million with a market value of $1.38 billion.

Coupang Inc (CPNG) Insider Activity

The most recent transaction is an insider sale by Rogers Harold. SEC filings show that Rogers Harold sold 139,080 shares of the company’s common stock on Mar 18 ’24 at a price of $18.25 per share for a total of $2.54 million. Following the sale, the insider now owns 0.39 million shares.

Coupang Inc disclosed in a document filed with the SEC on Mar 14 ’24 that MEHTA NEIL (Director) sold a total of 1,600,000 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $18.68 per share for $29.89 million. Following the transaction, the insider now directly holds 48.01 million shares of the CPNG stock.

Still, SEC filings show that on Mar 13 ’24, SVF Investments (UK) Ltd (10% Owner) disposed off 15,000,000 shares at an average price of $19.60 for $294.0 million. The insider now directly holds 349,542,259 shares of Coupang Inc (CPNG).

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