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 company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $28.36, for a total transaction of $5,672,000.00. Following the transaction, the director now owns 1,319,421 shares of the company's stock, valued at approximately $37,418,779.56. This represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Coupang Stock Performance

Shares of NYSE CPNG traded down $0.10 during mid-day trading on Tuesday, reaching $28.24. 9,808,070 shares of the company's stock were exchanged, compared to its average volume of 7,998,244. The firm has a market capitalization of $51.27 billion, a price-to-earnings ratio of 49.55, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The firm has a 50-day moving average price of $24.03 and a two-hundred day moving average price 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. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $28.61.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The business's quarterly revenue was up 11.2% on a year-over-year basis. Analysts predict that Coupang, Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Wingate Wealth Advisors Inc. purchased a new stake in Coupang during the 4th quarter worth about $26,000. SVB Wealth LLC bought a new position in Coupang in the 1st quarter valued at $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Coupang in the first quarter worth $30,000. Grove Bank & Trust purchased a new position in Coupang during the first quarter worth about $33,000. Finally, Brooklyn Investment Group increased its stake in Coupang by 43.1% in the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock worth $37,000 after acquiring an additional 506 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

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.