Pranam Kolari Sells 8,459 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Pranam Kolari also recently made the following trade(s):

• On Thursday, January 2nd, Pranam Kolari sold 775 shares of Coupang stock. The shares were sold at an average price of $22.10, for a total transaction of $17,127.50.

Coupang Stock Performance

Shares of NYSE CPNG traded up $0.11 during midday trading on Tuesday, hitting $23.69. 4,253,654 shares of the stock traded hands, compared to its average volume of 6,063,678. The firm has a market capitalization of $42.62 billion, a P/E ratio of 41.57, a PEG ratio of 42.58 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang, Inc. has a one year low of $13.66 and a one year high of $26.91. The firm has a 50-day moving average of $23.07 and a two-hundred day moving average of $23.43.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. On average, equities analysts forecast that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.56.

Hedge Funds Weigh In On Coupang

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC increased its holdings in Coupang by 32.0% during the third quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after buying an additional 6,584,910 shares during the last quarter. Coronation Fund Managers Ltd. increased its stake in shares of Coupang by 139.1% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after purchasing an additional 2,802,325 shares in the last quarter. Wellington Management Group LLP raised its holdings in Coupang by 43.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after purchasing an additional 2,603,046 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Coupang by 762.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company’s stock valued at $68,710,000 after purchasing an additional 2,474,175 shares in the last quarter. Finally, Ninety One UK Ltd bought a new stake in Coupang during the fourth quarter valued at about $46,388,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

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.