Coupang, Inc. (NYSE:CPNG – Get Free Report) insider Pranam Kolari sold 2,048 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the completion of the transaction, the insider now directly owns 187,951 shares of the company’s stock, valued at approximately $4,198,825.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Coupang Trading Up 2.2 %
Shares of NYSE CPNG opened at $23.00 on Monday. Coupang, Inc. has a 1-year low of $13.51 and a 1-year high of $23.40. 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 business’s 50 day moving average is $19.65 and its two-hundred day moving average is $17.17. The stock has a market capitalization of $41.25 billion, a P/E ratio of 30.67 and a beta of 1.13.
Coupang (NYSE:CPNG – Get Free Report) last released 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 company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, research analysts expect that Coupang, Inc. will post 0.35 EPS for the current year.
Institutional Investors Weigh In On Coupang
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and increased their price objective for the company from $18.50 to $21.00 in a report on Thursday, February 29th. TheStreet upgraded shares of Coupang from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Citigroup raised shares of Coupang from a “neutral” rating to a “buy” rating and increased their price objective for the company from $19.00 to $26.00 in a report on Monday, April 15th. Bank of America began coverage on Coupang in a research report on Friday. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Barclays raised their price target on Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.75.
View Our Latest 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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