Coupang, Inc. (NYSE:CPNG) VP Sells $17,127.50 in Stock

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

Coupang Price Performance

Shares of NYSE CPNG opened at $22.42 on Friday. 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 $13.51 and a 1 year high of $26.91. The company’s 50-day moving average is $24.14 and its 200 day moving average is $23.22. The stock has a market capitalization of $40.33 billion, a P/E ratio of 39.33, a P/E/G ratio of 215.03 and a beta of 1.07.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 EPS. On average, sell-side analysts expect that Coupang, Inc. will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Coupang

A number of institutional investors have recently added to or reduced their stakes in CPNG. FMR LLC boosted its holdings in shares of Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after buying an additional 6,584,910 shares in the last quarter. Coronation Fund Managers Ltd. lifted its position in Coupang by 139.1% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock valued at $118,258,000 after acquiring an additional 2,802,325 shares during the period. Wellington Management Group LLP boosted its stake in Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after acquiring an additional 2,603,046 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Coupang by 762.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company’s stock worth $68,710,000 after purchasing an additional 2,474,175 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Coupang by 2,570.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,049,227 shares of the company’s stock valued at $42,931,000 after purchasing an additional 1,972,476 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

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.