Insider Selling: Coupang, Inc. (NYSE:CPNG) VP Sells 775 Shares of Stock

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 775 shares of Coupang stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $22.10, for a total transaction of $17,127.50. Following the completion of the transaction, the vice president now owns 145,265 shares in the company, valued at approximately $3,210,356.50. This trade represents a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Coupang Trading Up 0.6 %

NYSE:CPNG opened at $22.42 on Friday. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $24.14 and a 200-day simple moving average of $23.20. The company has a market capitalization of $40.33 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 215.03 and a beta of 1.07.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same period in the previous year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, equities research analysts expect that Coupang, Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Institutional Investors Weigh In On Coupang

Institutional investors and hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new stake in shares of Coupang in the 3rd quarter worth about $28,000. Asset Dedication LLC boosted its position in shares of Coupang by 438.1% in the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after buying an additional 990 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Coupang by 330.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after buying an additional 1,295 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after purchasing an additional 1,931 shares in the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.