Gaurav Anand Sells 75,350 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) CFO Gaurav Anand sold 75,350 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $26.10, for a total value of $1,966,635.00. Following the sale, the chief financial officer now owns 2,267,290 shares of the company’s stock, valued at approximately $59,176,269. This trade represents a 3.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Coupang Trading Down 0.4%

CPNG stock opened at $26.80 on Friday. 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 stock has a market capitalization of $48.39 billion, a price-to-earnings ratio of 47.02, a P/E/G ratio of 52.20 and a beta of 1.08. The business has a fifty day moving average price of $22.91 and a 200 day moving average price of $23.46. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $27.49.

Coupang (NYSE:CPNG) last announced its earnings results 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 company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $8.02 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts expect that Coupang, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Trading of Coupang

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC boosted its stake in Coupang by 1.4% in the first quarter. Thoroughbred Financial Services LLC now owns 29,486 shares of the company’s stock valued at $646,000 after acquiring an additional 408 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Coupang by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company’s stock worth $1,879,000 after acquiring an additional 445 shares in the last quarter. Pacer Advisors Inc. increased its stake in Coupang by 4.1% during the 4th quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock worth $253,000 after purchasing an additional 452 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in shares of Coupang by 0.8% during the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock worth $1,211,000 after acquiring an additional 459 shares during the period. Finally, Virtus ETF Advisers LLC raised its stake in shares of Coupang by 1.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company’s stock valued at $975,000 after purchasing an additional 466 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CPNG shares. Mizuho raised shares of Coupang to a “hold” rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective on the stock in a research report on Wednesday, February 26th. Finally, Barclays increased their price target on shares of Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Coupang has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

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.