Insider Selling: Coupang, Inc. (NYSE:CPNG) VP Sells 8,459 Shares of Stock

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the sale, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, January 2nd, Pranam Kolari sold 775 shares of Coupang stock. The shares were sold at an average price of $22.10, for a total value of $17,127.50.

Coupang Stock Down 0.8 %

CPNG opened at $23.82 on Friday. The stock’s fifty day simple moving average is $22.98 and its 200 day simple moving average is $23.46. Coupang, Inc. has a 1-year low of $13.95 and a 1-year high of $26.91. The stock has a market cap of $42.85 billion, a PE ratio of 41.80, a price-to-earnings-growth ratio of 42.58 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, research analysts expect that Coupang, Inc. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang during the fourth quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in Coupang during the 3rd quarter worth approximately $28,000. Asset Dedication LLC lifted its holdings in Coupang by 438.1% during the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after purchasing an additional 990 shares during the last quarter. Berbice Capital Management LLC bought a new stake in Coupang in the 4th quarter valued at $31,000. Finally, Van ECK Associates Corp grew its holdings in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after buying an additional 484 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

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.