Insider Selling: Coupang, Inc. (NYSE:CPNG) VP Sells 8,459 Shares of Stock

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 8,459 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the sale, the vice president now directly owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. This trade represents 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 the SEC website.

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

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

Coupang Price Performance

Shares of NYSE CPNG traded up $0.11 during mid-day trading on Tuesday, hitting $23.69. 4,253,654 shares of the company’s stock traded hands, compared to its average volume of 6,063,678. 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 1 year low of $13.66 and a 1 year high of $26.91. The company’s 50-day moving average is $23.07 and its two-hundred day moving average is $23.43. The company 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.

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

Institutional Trading of Coupang

Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in shares of Coupang in the third quarter valued at $28,000. Wingate Wealth Advisors Inc. bought a new position in Coupang during the 4th quarter valued at about $26,000. Asset Dedication LLC raised its position in 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 purchasing an additional 990 shares during the period. Van ECK Associates Corp lifted its stake in Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after purchasing an additional 484 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new position in shares of Coupang during the fourth quarter valued at approximately $31,000. 83.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CPNG. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Monday, October 7th. Citigroup dropped their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.56.

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.