Coupang sees $37.5 million in stock purchases by Greenoaks Capital Partners

In recent transactions, Greenoaks Capital Partners (WA:CPAP) LLC, a significant shareholder in Coupang, Inc. (NYSE:CPNG), acquired a substantial number of Class A common shares. The stock, currently trading at $27.24, has shown strong momentum with a 23.93% gain year-to-date and is approaching its 52-week high of $27.73. According to InvestingPro analysis, the stock appears to be trading in overbought territory. On May 14, 2025, Greenoaks purchased 750,000 shares at a weighted average price of $26.7764. The following day, an additional 650,000 shares were acquired at a weighted average price of $26.8594. The total value of these transactions amounts to approximately $37.5 million in the $48.73 billion market cap company. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access the detailed Pro Research Report, one of 1,400+ available for top US stocks.

These purchases increase Greenoaks’ holdings to 55,131,161 shares. Neil Mehta, a Managing Partner at Greenoaks and a director at Coupang, is associated with these transactions. The shares are held by various funds and accounts managed by Greenoaks, which also includes certain estate planning vehicles.

In other recent news, Coupang LLC reported its first-quarter earnings for 2025, revealing a slight miss on both earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of $0.06, falling short of the anticipated $0.07, while revenue reached $7.91 billion, missing the forecasted $8.03 billion. Despite these shortfalls, Coupang’s operating income saw a significant year-over-year increase of 300%, and the company’s gross profit margin improved by 217 basis points. Additionally, Coupang announced a $1 billion share repurchase program, which is part of a broader capital allocation strategy to potentially generate meaningful returns for shareholders. The company is also focusing on expanding its presence in Taiwan with the launch of the Wow membership program, which has shown promising customer engagement. Analyst firms like Goldman Sachs and JPMorgan have taken note of the company’s strategic initiatives, although there were no specific upgrades or downgrades mentioned. Coupang maintains a full-year constant currency consolidated growth target of 20%, indicating confidence in its future growth prospects.

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