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

Coupang, Inc. (NYSE:CPNG) insider Pranam Kolari sold 2,048 shares of Coupang stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total transaction of $45,752.32. Following the transaction, the insider now directly owns 187,951 shares of the company’s stock, valued at $4,198,825.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Coupang Price Performance

Shares of NYSE CPNG traded up $0.50 during mid-day trading on Friday, reaching $23.01. The company had a trading volume of 11,690,662 shares, compared to its average volume of 13,121,328. The firm has a market cap of $41.26 billion, a price-to-earnings ratio of 30.64 and a beta of 1.13. The business’s 50-day simple moving average is $19.52 and its 200 day simple moving average is $17.14. Coupang, Inc. has a one year low of $13.51 and a one 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.

Coupang (NYSE:CPNG) last issued its 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. The company had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. On average, research analysts predict that Coupang, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coupang

A number of large investors have recently modified their holdings of CPNG. Coronation Fund Managers Ltd. boosted its stake in shares of Coupang by 146.2% in the 1st quarter. Coronation Fund Managers Ltd. now owns 2,688,450 shares of the company’s stock valued at $47,828,000 after purchasing an additional 1,596,486 shares in the last quarter. GSA Capital Partners LLP boosted its position in Coupang by 767.9% in the first quarter. GSA Capital Partners LLP now owns 108,990 shares of the company’s stock valued at $1,939,000 after buying an additional 96,432 shares in the last quarter. Wright Investors Service Inc. bought a new stake in shares of Coupang during the first quarter worth $447,000. Klingman & Associates LLC increased its holdings in shares of Coupang by 394.3% during the first quarter. Klingman & Associates LLC now owns 59,449 shares of the company’s stock worth $1,058,000 after buying an additional 47,422 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of Coupang by 15.9% in the 1st quarter. Baillie Gifford & Co. now owns 168,600,998 shares of the company’s stock valued at $2,999,412,000 after acquiring an additional 23,076,870 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

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