Benjamin Sun Sells 250,000 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) Director Benjamin Sun sold 250,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the transaction, the director now owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. The trade was a 12.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Coupang Stock Down 0.9 %

Shares of NYSE CPNG opened at $23.34 on Friday. The company has a market capitalization of $42.13 billion, a P/E ratio of 40.94, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 52-week low of $17.34 and a 52-week high of $26.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company’s 50 day moving average price is $23.36 and its 200-day moving average price is $23.91.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wingate Wealth Advisors Inc. acquired a new position in shares of Coupang during the 4th quarter valued at $26,000. Brooklyn Investment Group acquired a new position in shares of Coupang during the 3rd quarter valued at $28,000. Berbice Capital Management LLC acquired a new position in shares of Coupang during the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. raised its holdings in Coupang by 520.6% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,955 shares of the company’s stock worth $43,000 after buying an additional 1,640 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after buying an additional 1,986 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analysts Set New Price Targets

CPNG has been the subject of a number of recent analyst reports. Barclays set a $35.00 price target on shares of Coupang and gave the company an “overweight” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Mizuho increased their price target on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Citigroup cut their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

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.