Coupang, Inc. (NYSE:CPNG) Insider Sells $45,752.32 in Stock

Coupang, Inc. (NYSE:CPNG) insider Pranam Kolari sold 2,048 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the transaction, the insider now owns 187,951 shares in the company, valued at approximately $4,198,825.34. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Coupang Trading Up 2.2 %

Shares of Coupang stock opened at $23.01 on Friday. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $23.40. The firm has a market capitalization of $41.26 billion, a PE ratio of 30.67 and a beta of 1.13. 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’s fifty day moving average price is $19.65 and its two-hundred day moving average price is $17.17.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Coupang had a net margin of 5.57% and a return on equity of 15.04%. 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 firm posted $0.06 earnings per share. On average, analysts expect that Coupang, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on CPNG shares. Bank of America assumed coverage on Coupang in a report on Friday. They set a “buy” rating and a $30.00 target price on the stock. Barclays raised their price objective on Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and upped their target price for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. TheStreet raised shares of Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Finally, Citigroup upgraded shares of Coupang from a “neutral” rating to a “buy” rating and upped their price target for the company from $19.00 to $26.00 in a report on Monday, April 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Hedge Funds Weigh In On Coupang

A number of hedge funds have recently modified their holdings of CPNG. WCM Investment Management LLC boosted its stake in Coupang by 2,250.9% in the 1st quarter. WCM Investment Management LLC now owns 44,926,485 shares of the company’s stock valued at $799,242,000 after buying an additional 43,015,433 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Coupang by 21.6% during the fourth quarter. Baillie Gifford & Co. now owns 145,524,128 shares of the company’s stock valued at $2,356,036,000 after acquiring an additional 25,843,034 shares during the period. Norges Bank acquired a new stake in shares of Coupang in the 4th quarter valued at $250,714,000. Pacer Advisors Inc. increased its position in shares of Coupang by 104,032.2% during the 4th quarter. Pacer Advisors Inc. now owns 10,944,299 shares of the company’s stock worth $177,188,000 after purchasing an additional 10,933,789 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Coupang by 217.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,909,546 shares of the company’s stock valued at $51,761,000 after purchasing an additional 1,992,092 shares during the last quarter. 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.