Coupang, Inc. (NYSE:CPNG – Get Free Report) insider Harold Rogers sold 139,080 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the transaction, the insider now directly owns 394,192 shares of the company’s stock, valued at $7,194,004. The sale was disclosed in a document filed with the SEC, which is available through this link.
Coupang Stock Down 0.8 %
Shares of Coupang stock opened at $18.09 on Wednesday. The business’s fifty day moving average price is $16.19 and its two-hundred day moving average price is $16.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.90. The company has a market capitalization of $32.44 billion, a P/E ratio of 24.12 and a beta of 1.33. Coupang, Inc. has a 1-year low of $12.96 and a 1-year high of $19.99.
Coupang (NYSE:CPNG – Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.40 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, research analysts forecast that Coupang, Inc. will post 0.34 EPS for the current year.
Institutional Trading of Coupang
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Citigroup lowered shares of Coupang from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $17.00 in a research report on Tuesday, January 16th. UBS Group lowered shares of Coupang from a “buy” rating to a “neutral” rating and decreased their price target for the company from $26.00 to $18.50 in a report on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and lifted their target price for the company from $18.50 to $21.00 in a report on Thursday, February 29th. Finally, TheStreet upgraded shares of Coupang from a “d+” rating to a “c-” rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.07.
Read Our Latest Stock Analysis on Coupang
About Coupang
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.
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