Insider Selling: Coupang, Inc. (NYSE:CPNG) CFO Sells 175,000 Shares of Stock

Coupang, Inc. (NYSE:CPNG - Get Free Report) CFO Gaurav Anand sold 175,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $28.11, for a total value of $4,919,250.00. Following the completion of the sale, the chief financial officer now owns 2,092,290 shares of the company's stock, valued at approximately $58,814,271.90. This represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Gaurav Anand also recently made the following trade(s):

• On Monday, May 12th, Gaurav Anand sold 75,350 shares of Coupang stock. The shares were sold at an average price of $26.10, for a total transaction of $1,966,635.00.

Coupang Stock Up 1.0%

Shares of CPNG stock traded up $0.29 during trading hours on Thursday, hitting $28.64. 601,320 shares of the company were exchanged, compared to its average volume of 7,972,606. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang, Inc. has a one year low of $18.16 and a one year high of $28.74. The business's 50-day simple moving average is $24.24 and its two-hundred day simple moving average is $23.70. The stock has a market capitalization of $51.99 billion, a price-to-earnings ratio of 50.28, a P/E/G ratio of 52.20 and a beta of 1.15.

Coupang (NYSE:CPNG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang's quarterly revenue was up 11.2% compared to the same quarter last year. Sell-side analysts predict that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Coupang

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in Coupang by 23.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock worth $4,861,000 after acquiring an additional 41,384 shares during the last quarter. Elevate Capital Advisors LLC bought a new position in Coupang in the fourth quarter worth about $2,618,000. New York Life Investment Management LLC bought a new position in Coupang in the fourth quarter worth about $349,000. Ninety One UK Ltd bought a new position in Coupang in the fourth quarter worth about $46,388,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Coupang in the fourth quarter valued at approximately $1,394,000. Institutional investors own 83.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CPNG shares. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Finally, Barclays upped their price objective on shares of Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

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.