Coupang, Inc. (NYSE:CPNG) Insider Pranam Kolari Sells 2,048 Shares of Stock

Coupang, Inc. (NYSE:CPNG) insider Pranam Kolari sold 2,048 shares of the stock in a transaction on Thursday, May 2nd. The shares were 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 in the company, valued at approximately $4,198,825.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Coupang Trading Up 2.2 %

Shares of Coupang stock opened at $23.00 on Monday. The company’s fifty day moving average is $19.65 and its two-hundred day moving average is $17.17. 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 quick ratio of 0.90 and a current ratio of 1.14. The company has a market capitalization of $41.25 billion, a P/E ratio of 30.67 and a beta of 1.13.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.40 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The business’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. Analysts forecast that Coupang, Inc. will post 0.35 earnings per share for the current year.

Hedge Funds Weigh In On Coupang

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in shares of Coupang by 25.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,054,223 shares of the company’s stock worth $51,922,000 after acquiring an additional 616,210 shares during the period. Twenty Acre Capital LP boosted its holdings in Coupang by 23.5% in the 4th quarter. Twenty Acre Capital LP now owns 505,914 shares of the company’s stock valued at $8,191,000 after purchasing an additional 96,300 shares in the last quarter. M&T Bank Corp acquired a new position in Coupang during the 3rd quarter worth approximately $2,415,000. SG Americas Securities LLC raised its stake in shares of Coupang by 1,509.1% during the 4th quarter. SG Americas Securities LLC now owns 163,159 shares of the company’s stock worth $2,642,000 after buying an additional 153,019 shares in the last quarter. Finally, Sapient Capital LLC acquired a new stake in shares of Coupang in the 4th quarter valued at approximately $2,486,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.