This evening we watched Coupang drop -5.1% to a price of $16.15 per share. The large-cap Durable Goods company is now trading -24.39% below its average target price of $21.36. Analysts have set target prices ranging from $11.6 to $30.0 per share for Coupang, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.6%, and a short ratio of 1.81. The company's insiders own 0.82% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 80.0% of Coupang's shares being owned by this investor type.
Institutions Invested in Coupang
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | SB Investment Advisers (UK) LTD | 26% | 426,156,413 | $6,882,425,907 |
| 2023-09-30 | Baillie Gifford and Company | 7% | 119,681,094 | $1,932,849,622 |
| 2023-09-30 | Morgan Stanley | 5% | 86,750,630 | $1,401,022,641 |
| 2023-09-30 | Maverick Capital Ltd. | 5% | 77,057,866 | $1,244,484,506 |
| 2023-09-30 | Capital International Investors | 4% | 59,748,623 | $964,940,238 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 3% | 53,351,808 | $861,631,678 |
| 2023-09-30 | Blackrock Inc. | 2% | 34,928,192 | $564,090,287 |
| 2023-09-30 | Wellington Management Group, LLP | 2% | 29,431,924 | $475,325,561 |
| 2023-09-30 | Massachusetts Institute of Technology | 2% | 28,703,675 | $463,564,340 |
| 2023-09-30 | Capital World Investors | 2% | 27,395,223 | $442,432,840 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Coupang.
