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

Coupang, Inc. (NYSE:CPNG) insider Pranam Kolari sold 2,048 shares of the business’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 $4,198,825.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Coupang Stock Performance

Shares of NYSE CPNG opened at $23.00 on Friday. The business’s 50-day simple moving average is $19.65 and its 200-day simple moving average is $17.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $23.40. The firm has a market cap of $41.25 billion, a price-to-earnings ratio of 30.67 and a beta of 1.13.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The company had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, equities research analysts expect that Coupang, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPNG. Summit Trail Advisors LLC grew its holdings in Coupang by 0.6% in the 1st quarter. Summit Trail Advisors LLC now owns 71,576 shares of the company’s stock valued at $1,273,000 after buying an additional 462 shares during the last quarter. Private Advisor Group LLC increased its position in Coupang by 1.6% during the fourth quarter. Private Advisor Group LLC now owns 47,052 shares of the company’s stock worth $762,000 after acquiring an additional 760 shares during the period. Global Retirement Partners LLC raised its stake in Coupang by 135.8% during the 1st quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock valued at $26,000 after purchasing an additional 827 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Coupang by 2.3% in the 3rd quarter. CIBC Asset Management Inc now owns 39,502 shares of the company’s stock valued at $672,000 after purchasing an additional 899 shares during the period. Finally, Raymond James & Associates boosted its holdings in Coupang by 1.2% in the 4th quarter. Raymond James & Associates now owns 87,812 shares of the company’s stock valued at $1,422,000 after purchasing an additional 1,031 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.