Coupang Inc (NYSE: CPNG) is 51.39% higher on its value in year-to-date trading and has touched a low of $13.51 and a high of $26.91 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 $24.10 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $24.51, the stock is -3.20% and -1.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.48 million and changing 1.70% at the moment leaves the stock 14.59% off its SMA200. CPNG registered 59.99% gain for a year compared to 6-month gain of 10.16%. The firm has a 50-day simple moving average (SMA 50) of $24.716 and a 200-day simple moving average (SMA200) of $21.3401.
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The stock witnessed a -4.41% loss in the last 1 month and extending the period to 3 months gives it a 10.65%, and is -8.85% down 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 4.17% over the week and 2.75% over the month.
Coupang Inc (CPNG) has around 78000 employees, a market worth around $44.09B and $28.86B in sales. Current P/E ratio is 43.14 and Fwd P/E is 46.96. Profit margin for the company is 3.57%. Distance from 52-week low is 81.42% and -8.92% from its 52-week high. The company has generated returns on investments over the last 12 months (14.01%).
with sales reaching $8.34B over the same period.The EPS is expected to shrink by -100.02% this year, but quarterly earnings will post 24.70% year-over-year. Quarterly sales are estimated to grow 27.10% in year-over-year returns.
Coupang Inc (CPNG) Top Institutional Holders
721.0 institutions hold shares in Coupang Inc (CPNG), with institutional investors hold 85.83% of the company’s shares. The shares outstanding are 1.62B, and float is at 1.19B with Short Float at 1.13%. Institutions hold 85.15% of the Float.
The top institutional shareholder in the company is SB INVESTMENT ADVISERS (UK) LTD with over 349.54 million shares valued at $7.32 billion. The investor’s holdings represent 19.484% of the CPNG Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 171.35 million shares valued at $3.59 billion to account for 9.5513 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 85.89 million shares representing 4.7874% and valued at over $1.8 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.7562 of the shares totaling 67.39 million with a market value of $1.41 billion.
Coupang Inc (CPNG) Insider Activity
The most recent transaction is an insider purchase by GREENOAKS CAPITAL PARTNERS LLC, the company’s Director. SEC filings show that GREENOAKS CAPITAL PARTNERS LLC bought 750,000 shares of the company’s common stock on Nov 08 ’24 at a price of $24.01 per share for a total of $18.01 million. Following the purchase, the insider now owns 52.04 million shares.
Coupang Inc disclosed in a document filed with the SEC on Nov 11 ’24 that GREENOAKS CAPITAL PARTNERS LLC (Director) bought a total of 687,700 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $24.08 per share for $16.56 million. Following the transaction, the insider now directly holds 52.73 million shares of the CPNG stock.
Still, SEC filings show that on Nov 07 ’24, GREENOAKS CAPITAL PARTNERS LLC (Director) acquired 612,499 shares at an average price of $24.77 for $15.17 million. The insider now directly holds 51,288,723 shares of Coupang Inc (CPNG).
