Coupang (NYSE:CPNG) Director Pedro Franceschi Sells 21,428 Shares

Key Points

• Pedro Franceschi, a director at Coupang, sold 21,428 shares at an average price of $32.05, totaling approximately $686,767.40.
• Coupang's stock remained stable at $32.45 during mid-day trading, with a market capitalization of $59.16 billion and a P/E ratio of 162.26.
• Recent analyst ratings for Coupang include an upgrade from Nomura to a "buy" with a $35.00 price target, reflecting positive outlook despite some mixed ratings.

Coupang, Inc. (NYSE:CPNG - Get Free Report) Director Pedro Franceschi sold 21,428 shares of Coupang stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $32.05, for a total transaction of $686,767.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Coupang Stock Up 0.7%

NYSE CPNG traded up $0.23 on Wednesday, hitting $33.54. 9,097,474 shares of the stock traded hands, compared to its average volume of 12,662,623. The stock has a 50-day moving average of $29.83 and a 200 day moving average of $26.84. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. Coupang, Inc. has a twelve month low of $19.02 and a twelve month high of $33.71. The company has a market capitalization of $61.15 billion, a P/E ratio of 167.71 and a beta of 1.15.

Coupang (NYSE:CPNG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Coupang had a return on equity of 7.47% and a net margin of 1.13%.The company had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same quarter in the previous year, the company earned $0.07 earnings per share. Coupang's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, analysts expect that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPNG has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Coupang from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Morgan Stanley lifted their price target on Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 price target on the stock. in a research note on Wednesday, August 6th. Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Finally, Nomura upgraded shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price on the stock in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $31.14.

Institutional Trading of Coupang

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SVB Wealth LLC purchased a new stake in Coupang in the first quarter worth approximately $28,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Coupang during the 1st quarter valued at about $30,000. Albion Financial Group UT bought a new stake in Coupang in the 2nd quarter worth about $30,000. Grove Bank & Trust bought a new stake in shares of Coupang in the first quarter worth $33,000. Finally, Brooklyn Investment Group raised its position in Coupang by 43.1% in the first 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 period. Institutional investors own 83.72% of the company's stock.

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.