Coupang (NYSE:CPNG) Trading Down 3.2% on Insider Selling

Coupang, Inc. (NYSE:CPNG - Get Free Report)'s share price fell 3.2% during trading on Monday following insider selling activity. The company traded as low as $21.77 and last traded at $21.77. 2,179,601 shares were traded during trading, a decline of 84% from the average session volume of 13,263,337 shares. The stock had previously closed at $22.50.

Specifically, CAO Jonathan D. Lee sold 5,000 shares of the business's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $21.45, for a total transaction of $107,250.00. Following the completion of the sale, the chief accounting officer now owns 120,835 shares of the company's stock, valued at approximately $2,591,910.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Jonathan D. Lee sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $21.45, for a total transaction of $107,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 120,835 shares in the company, valued at approximately $2,591,910.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Pranam Kolari sold 2,048 shares of the firm's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total transaction of $45,752.32. Following the sale, the insider now owns 187,951 shares in the company, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. Insiders have sold 33,360,282 shares of company stock worth $633,564,280 in the last quarter. Company insiders own 14.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TheStreet raised Coupang from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. Citigroup lifted their target price on Coupang from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and upped their price target for the stock from $18.50 to $21.00 in a research note on Thursday, February 29th. Mizuho lifted their price objective on shares of Coupang from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Wednesday, May 8th. Finally, Barclays upped their target price on shares of Coupang from $25.00 to $32.00 and gave the stock an "overweight" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Coupang presently has a consensus rating of "Moderate Buy" and an average price target of $25.42.

Coupang Stock Down 1.3 %

The business has a 50-day moving average price of $20.11 and a 200 day moving average price of $17.33. The company has a current ratio of 1.15, a quick ratio of 0.89 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $39.84 billion, a P/E ratio of 31.74, a P/E/G ratio of 40.35 and a beta of 1.13.

Coupang (NYSE:CPNG - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $6.95 billion. Coupang had a net margin of 4.96% and a return on equity of 13.59%. Coupang's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS. On average, equities analysts expect that Coupang, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Coupang

A number of hedge funds have recently added to or reduced their stakes in the business. Seven Eight Capital LP purchased a new position in Coupang in the first quarter worth $6,044,000. Acadian Asset Management LLC raised its stake in Coupang by 438.7% in the first quarter. Acadian Asset Management LLC now owns 5,581 shares of the company's stock valued at $99,000 after buying an additional 4,545 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Coupang by 5.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company's stock worth $39,801,000 after acquiring an additional 110,700 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in Coupang in the 1st quarter worth approximately $295,000. Finally, Motley Fool Asset Management LLC raised its stake in Coupang by 7.9% in the 1st quarter. Motley Fool Asset Management LLC now owns 52,927 shares of the company's stock worth $942,000 after acquiring an additional 3,875 shares during the last quarter. 83.72% of the stock is 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.