Insider Selling: Coupang, Inc. (NYSE:CPNG) VP Sells 11,653 Shares of Stock

Key Points

• Pranam Kolari, a vice president at Coupang, sold 11,653 shares of stock at an average price of $29.14, resulting in a total value of approximately $339,568.42 and a 6.84% decrease in his position.
• Coupang's stock has recently seen an increase of 3.0%, trading at $29.61, with a market capitalization of $53.76 billion and a PE ratio of 211.50.
• Overall, Coupang has a consensus rating of "Moderate Buy" with an average price target of $30.08 from several analysts, indicating a positive outlook despite recent earnings misses.

Coupang, Inc. (NYSE:CPNG - Get Free Report) VP Pranam Kolari sold 11,653 shares of Coupang stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $29.14, for a total value of $339,568.42. Following the sale, the vice president owned 158,676 shares of the company's stock, valued at approximately $4,623,818.64. This trade represents a 6.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Coupang Stock Up 3.0%

Shares of NYSE CPNG traded up $0.87 during trading on Monday, reaching $29.61. The company had a trading volume of 9,949,115 shares, compared to its average volume of 9,315,284. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.23. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $31.65. The stock has a market cap of $53.76 billion, a PE ratio of 211.50 and a beta of 1.16. The business's 50-day moving average is $29.39 and its 200 day moving average is $25.56.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 0.82% and a return on equity of 10.07%. The business had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $8.02 billion. The firm's revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts forecast that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coupang

Institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its holdings in Coupang by 0.5% in the second quarter. Sequoia Financial Advisors LLC now owns 68,468 shares of the company's stock valued at $2,051,000 after acquiring an additional 363 shares during the period. Inspirion Wealth Advisors LLC raised its stake in shares of Coupang by 0.3% in the second quarter. Inspirion Wealth Advisors LLC now owns 134,314 shares of the company's stock worth $4,024,000 after buying an additional 400 shares during the period. Thoroughbred Financial Services LLC raised its stake in shares of Coupang by 1.4% in the first quarter. Thoroughbred Financial Services LLC now owns 29,486 shares of the company's stock worth $646,000 after buying an additional 408 shares during the period. California State Teachers Retirement System grew its position in shares of Coupang by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company's stock worth $1,879,000 after purchasing an additional 445 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft grew its position in shares of Coupang by 4.3% during the second quarter. Baader Bank Aktiengesellschaft now owns 11,248 shares of the company's stock worth $323,000 after purchasing an additional 461 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CPNG. Barclays boosted their price objective on Coupang from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Wall Street Zen downgraded Coupang from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Coupang has a consensus rating of "Moderate Buy" and an average price target of $30.08.

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.

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