Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari Sells 775 Shares

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 775 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 in the company, valued at $3,210,356.50. This represents a 0.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Coupang Stock Up 1.4 %

NYSE CPNG traded up $0.31 on Thursday, hitting $22.29. 6,509,617 shares of the company were exchanged, compared to its average volume of 9,482,136. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market cap of $40.10 billion, a PE ratio of 39.11, a PEG ratio of 215.03 and a beta of 1.07. The stock has a fifty day moving average of $24.27 and a 200-day moving average of $23.19. Coupang, Inc. has a 12 month low of $13.51 and a 12 month high of $26.91.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same period last year, the business posted $0.05 EPS. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, analysts forecast that Coupang, Inc. will post 0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CPNG shares. CLSA raised Coupang from a “hold” rating to an “outperform” rating and lifted their price target for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Hedge Funds Weigh In On Coupang

Institutional investors have recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Coupang in the third quarter worth approximately $28,000. 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 valued at $30,000 after buying an additional 990 shares during the last quarter. Van ECK Associates Corp lifted its stake in Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after acquiring an additional 484 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in Coupang by 330.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Coupang by 438.9% during the 3rd 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 last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

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.