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

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 775 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $22.10, for a total value of $17,127.50. Following the sale, the vice president now owns 145,265 shares of the company’s stock, valued at approximately $3,210,356.50. The trade was a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coupang Stock Performance

Shares of Coupang stock opened at $22.29 on Friday. The stock has a market capitalization of $40.10 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 215.03 and a beta of 1.07. The firm’s fifty day simple moving average is $24.27 and its 200-day simple moving average is $23.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $26.91.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.76 billion. During the same period in the prior year, the company earned $0.05 earnings per share. The business’s revenue was up 27.2% compared to the same quarter last year. As a group, equities analysts forecast that Coupang, Inc. will post 0.11 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Coupang

Hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new stake in shares of Coupang during the third quarter worth approximately $28,000. Asset Dedication LLC raised its position in Coupang by 438.1% during 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 during the last quarter. Van ECK Associates Corp raised its position in Coupang by 63.1% during 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 during the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Coupang by 330.4% in the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after acquiring an additional 1,295 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Coupang by 438.9% during the third quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after acquiring an additional 1,931 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

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.