Coupang (NYSE:CPNG) CAO Sells 5,519 Shares of Stock

Coupang, Inc. (NYSE:CPNG) CAO Jonathan Lee sold 5,519 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $13.65, for a total transaction of $75,334.35. Following the transaction, the chief accounting officer owned 176,396 shares in the company, valued at $2,407,805.40. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Coupang Price Performance

CPNG stock traded up $0.42 during mid-day trading on Monday, reaching $14.21. The company’s stock had a trading volume of 34,495,385 shares, compared to its average volume of 21,891,064. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $15.44 and its two-hundred day moving average is $17.11. Coupang, Inc. has a fifty-two week low of $13.35 and a fifty-two week high of $32.74. The stock has a market cap of $25.53 billion, a PE ratio of -33.03 and a beta of 1.17.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.18. The business had revenue of $8.86 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Coupang had a negative return on equity of 8.77% and a negative net margin of 2.16%.The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. Equities research analysts expect that Coupang, Inc. will post -0.46 EPS for the current year.

Institutional Trading of Coupang

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CX Institutional increased its holdings in Coupang by 27.4% in the 3rd quarter. CX Institutional now owns 8,594 shares of the company’s stock valued at $119,000 after purchasing an additional 1,849 shares during the last quarter. Versant Capital Management Inc raised its position in Coupang by 94.6% in the third quarter. Versant Capital Management Inc now owns 3,478 shares of the company’s stock valued at $48,000 after purchasing an additional 1,691 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Coupang by 18.0% during the second quarter. Sequoia Financial Advisors LLC now owns 89,534 shares of the company’s stock worth $1,555,000 after purchasing an additional 13,666 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Coupang by 806.8% during the second quarter. MCF Advisors LLC now owns 13,793 shares of the company’s stock worth $240,000 after buying an additional 12,272 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in shares of Coupang during the second quarter worth $6,081,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on CPNG shares. CLSA began coverage on Coupang in a research note on Monday, June 15th. They issued an “outperform” rating and a $24.00 target price for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Coupang in a report on Tuesday, August 4th. Barclays reaffirmed an “overweight” rating and set a $29.00 target price on shares of Coupang in a research note on Tuesday, July 7th. Bank of America decreased their target price on shares of Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and cut their price target for the stock from $23.00 to $21.50 in a report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.06.

Coupang Company Profile

Coupang, Inc is an e-commerce and technology company that operates primarily in South Korea and Taiwan. The company connects consumers with a broad selection of merchandise, including groceries, household goods, electronics, apparel, beauty products and other everyday items. Its services are supported by an integrated logistics network designed to provide fast delivery and a convenient online shopping experience.

Coupang’s offerings include its Rocket Delivery and Rocket Fresh services, which provide rapid delivery of general merchandise and groceries, respectively.