Investing in Coupang Inc. (CPNG) Is Getting More Attractive


In a filing, Coupang Inc. revealed its Director GREENOAKS CAPITAL PARTNERS LLC unloaded Company’s shares for reported $3.65 million on Dec 08. In the deal valued at $18.26 per share,200,000 shares were sold. As a result of this transaction, GREENOAKS CAPITAL PARTNERS LLC now holds 70,651,928 shares worth roughly $ 1.04 billion.

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Then, SVF Investments (UK) Ltd sold 35,000,000 shares, generating $647,500,000 in total proceeds. Upon selling the shares at $18.50, the 10% Owner now owns 426,156,413 shares.

Before that, Sun Benjamin sold 288,834 shares. Coupang Inc. shares valued at $5,776,680 were divested by the Director at a price of $20.00 per share. As a result of the transaction, Sun Benjamin now holds 468,312 shares, worth roughly $6.92 million.

Barclays initiated its Coupang Inc. [CPNG] rating to an Overweight in a research note published on Friday, February 09, 2023; the price target was $20. PT values the company’s stock at a premium of 26.15 to its Friday closing price. A number of analysts have revised their coverage, including New Street’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. HSBC Securities began covering CPNG with “Buy” recommendation on October 07, 2022. CLSA revised its rating on August 16, 2022. It rated CPNG as “a Sell” which previously was an “an Outperform”.

Price Performance Review of CPNG

On Friday, Coupang Inc. [NYSE:CPNG] saw its stock fall -2.06% to $14.77. On the same session, the stock had its day’s lowest price of $14.55, but rose to a high of $14.83. Over the last five days, the stock has lost -8.66%. Coupang Inc. shares have risen nearly 0.41% since the year began. Nevertheless, the stocks have fallen -34.76% over the past one year. While a 52-week high of $27.12 was reached on 01/11/23, a 52-week low of $8.98 was recorded on 02/24/23. SMA at 50 days reached $16.16, while 200 days put it at $16.35. A total of 6.74 million shares were traded, compared to the trading of 6.69 million shares in the previous session.

Levels Of Support And Resistance For CPNG Stock

The 24-hour chart illustrates a support level at 14.60, which if violated will result in even more drops to 14.44. On the upside, there is a resistance level at 14.88. A further resistance level may holdings at 15.00. The Relative Strength Index (RSI) on the 14-day chart is 37.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.13%. Stochastics %K at 10.36% indicates the stock is a buying.

How much short interest is there in Coupang Inc.?

A steep rise in short interest was recorded in Coupang Inc. stocks on Jan 30, 2023, dropping by -6.75 million shares to a total of 18.31 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 25.06 million shares. There was a decline of -36.87%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.80% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.81.

Coupang Inc. [CPNG] – Who Are The Largest Shareholders?

In filings from Baillie Gifford & Co., it is revealed that the company now owns 115,176,100 shares, or roughly 7.22% of the outstanding CPNG shares. In other words, the investor’s shares have risen by 6,742,347 from its previous 13-F filing of 108433753.0. Additionally, Morgan Stanley Investment Managem decreased -5.60% of its stake after which the total value it holdings stand at $1,396,750,388, while Maverick Capital Ltd. reduced -6.21% of its stake to hold $1.29 billion in the firm. Over the last quarter, Capital Research & Management Co purchased 7,664 shares of Coupang Inc., while T. Rowe Price Associates, Inc. bought 1,090,536 shares. At present, Morgan Stanley Investment Managem is holding 40,618,896 shares valued at $686.05 million. MIT Investment Management Co. owned 28,703,675 shares of the company at the time of its most recent 13F filing, worth $484.81 million.

According to FactSet, Coupang Inc.’s share price will average $23.11 in the next year, based on opinions of analysts polled by the firm. This is up nearly 65.78 percent from its previous closing price of $15.08. Analysts expect Coupang Inc. stock to reach the higher price of $32.00, while the lowest price estimate is $10.20. However, 18 analysts have rated CPNG stock as an Overweight in their predictions for 2023.


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