Insider Selling: Coupang, Inc. (NYSE:CPNG) Insider Sells 6,490 Shares of Stock

Coupang, Inc. (NYSE:CPNG) insider Pranam Kolari sold 6,490 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $22.93, for a total transaction of $148,815.70. Following the transaction, the insider now directly owns 181,461 shares of the company’s stock, valued at approximately $4,160,900.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, May 2nd, Pranam Kolari sold 2,048 shares of Coupang stock. The stock was sold at an average price of $22.34, for a total transaction of $45,752.32.

Coupang Stock Down 2.4 %

Shares of NYSE:CPNG opened at $22.41 on Thursday. The firm’s 50 day moving average price is $20.72 and its 200 day moving average price is $17.66. The stock has a market cap of $40.07 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 41.18 and a beta of 1.13. Coupang, Inc. has a fifty-two week low of $13.51 and a fifty-two week high of $23.77. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.67.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $7.11 billion during the quarter, compared to analyst estimates of $6.95 billion. Coupang had a net margin of 4.96% and a return on equity of 13.59%. The firm’s revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. As a group, equities research analysts predict that Coupang, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Coupang

Hedge funds have recently added to or reduced their stakes in the company. Advisory Resource Group raised its holdings in Coupang by 18.6% during the first quarter. Advisory Resource Group now owns 58,291 shares of the company’s stock worth $1,037,000 after purchasing an additional 9,149 shares in the last quarter. Untitled Investments LP raised its holdings in Coupang by 16.4% during the first quarter. Untitled Investments LP now owns 1,536,396 shares of the company’s stock worth $27,332,000 after purchasing an additional 216,050 shares in the last quarter. Motley Fool Asset Management LLC raised its holdings in Coupang by 7.9% during the first quarter. Motley Fool Asset Management LLC now owns 52,927 shares of the company’s stock worth $942,000 after purchasing an additional 3,875 shares in the last quarter. Kontiki Capital Management HK Ltd. raised its holdings in Coupang by 1.9% during the first quarter. Kontiki Capital Management HK Ltd. now owns 8,693,468 shares of the company’s stock worth $154,657,000 after purchasing an additional 159,900 shares in the last quarter. Finally, Bwcp LP raised its holdings in Coupang by 32.4% during the first quarter. Bwcp LP now owns 1,223,723 shares of the company’s stock worth $21,770,000 after purchasing an additional 299,176 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CPNG shares. Bank of America initiated coverage on shares of Coupang in a research note on Friday, May 3rd. They set a “buy” rating and a $30.00 target price for the company. Citigroup increased their price target on shares of Coupang from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Barclays increased their price target on shares of Coupang from $25.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and increased their price target for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. Finally, UBS Group raised shares of Coupang from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.50 to $26.00 in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.67.

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.