Insider Selling: Coupang, Inc. (NYSE:CPNG) Director Sells 200,000 Shares of Stock

Coupang, Inc. (NYSE:CPNG - Get Free Report) Director Benjamin Sun sold 200,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $28.36, for a total value of $5,672,000.00. Following the sale, the director now directly owns 1,319,421 shares of the company's stock, valued at $37,418,779.56. The trade was a 13.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Benjamin Sun also recently made the following trade(s):

• On Monday, March 17th, Benjamin Sun sold 250,000 shares of Coupang stock. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00.

Coupang Stock Performance

Shares of Coupang stock traded up $0.29 during trading hours on Monday, reaching $28.34. The company had a trading volume of 10,083,730 shares, compared to its average volume of 7,973,767. Coupang, Inc. has a one year low of $18.16 and a one year high of $28.61. The business has a fifty day simple moving average of $24.03 and a 200 day simple moving average of $23.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The firm has a market cap of $51.45 billion, a PE ratio of 49.71, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.06 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 company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coupang

A number of large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Coupang by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after buying an additional 17,123,637 shares in the last quarter. Dodge & Cox raised its position in shares of Coupang by 101.6% in the first quarter. Dodge & Cox now owns 40,784,920 shares of the company's stock worth $894,413,000 after buying an additional 20,555,600 shares in the last quarter. FMR LLC raised its position in shares of Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock worth $651,038,000 after buying an additional 2,465,973 shares in the last quarter. Durable Capital Partners LP raised its position in shares of Coupang by 13.6% in the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company's stock worth $629,426,000 after buying an additional 3,420,133 shares in the last quarter. Finally, Dragoneer Investment Group LLC raised its position in shares of Coupang by 9.0% in the fourth quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company's stock worth $451,497,000 after buying an additional 1,690,826 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.