Insider Selling: Coupang, Inc. (NYSE:CPNG) VP Sells $17,127.50 in Stock

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 775 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $22.10, for a total transaction of $17,127.50. Following the transaction, the vice president now directly owns 145,265 shares of the company’s stock, valued at approximately $3,210,356.50. This represents a 0.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Coupang Stock Performance

NYSE CPNG opened at $22.42 on Friday. The company has a market capitalization of $40.33 billion, a P/E ratio of 39.33, a P/E/G ratio of 215.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang, Inc. has a 52-week low of $13.51 and a 52-week high of $26.91. The company has a fifty day moving average of $24.14 and a 200-day moving average of $23.22.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 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 27.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. As a group, equities research analysts predict that Coupang, Inc. will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CPNG. FMR LLC grew its holdings in shares of Coupang by 32.0% during the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after purchasing an additional 6,584,910 shares during the last quarter. Coronation Fund Managers Ltd. boosted its position in Coupang by 139.1% during the third quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock valued at $118,258,000 after buying an additional 2,802,325 shares during the period. Wellington Management Group LLP grew its stake in shares of Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock valued at $211,868,000 after buying an additional 2,603,046 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Coupang by 762.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company’s stock worth $68,710,000 after buying an additional 2,474,175 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Coupang by 2,570.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,049,227 shares of the company’s stock valued at $42,931,000 after acquiring an additional 1,972,476 shares during 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.