Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari Sells 8,459 Shares of Stock

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, the vice president now owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Pranam Kolari also recently made the following trade(s):

• On Thursday, January 2nd, Pranam Kolari sold 775 shares of Coupang stock. The shares were sold at an average price of $22.10, for a total value of $17,127.50.

Coupang Trading Up 0.5 %

CPNG stock opened at $23.69 on Wednesday. Coupang, Inc. has a 1-year low of $13.66 and a 1-year high of $26.91. 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 company has a market capitalization of $42.62 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 42.58 and a beta of 1.11. The business has a 50 day simple moving average of $23.04 and a two-hundred day simple moving average of $23.46.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.76 billion. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. Research analysts anticipate that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its holdings in shares of 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 acquiring an additional 452 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in shares of Coupang by 0.8% during the 4th 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 in the last quarter. IFP Advisors Inc raised its holdings in shares of Coupang by 3.8% during the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company’s stock worth $280,000 after acquiring an additional 469 shares in the last quarter. Ignite Planners LLC raised its holdings in shares of Coupang by 2.5% during the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock worth $452,000 after acquiring an additional 483 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after acquiring an additional 484 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

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.