Pranam Kolari Sells 775 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 775 shares of the 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 completion of the transaction, the vice president now owns 145,265 shares in the company, valued at $3,210,356.50. This represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Coupang Stock Performance

Shares of CPNG opened at $22.42 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm has a market cap of $40.33 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 215.03 and a beta of 1.07. The company’s 50 day simple moving average is $24.14 and its 200-day simple moving average is $23.20. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $26.91.

Coupang (NYSE:CPNG) last announced its earnings results 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 business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. As a group, equities analysts predict that Coupang, Inc. will post 0.11 EPS for the current year.

Hedge Funds Weigh In On Coupang

Hedge funds have recently modified their holdings of the business. Brooklyn Investment Group purchased a new position in shares of Coupang during the third quarter worth approximately $28,000. Asset Dedication LLC grew its position in Coupang by 438.1% in the 3rd quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after buying an additional 990 shares during the last quarter. Van ECK Associates Corp grew its position in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after buying an additional 484 shares during the last quarter. Wolff Wiese Magana LLC grew its position in Coupang by 330.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after buying an additional 1,295 shares during the last quarter. Finally, Signaturefd LLC grew its position in Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after buying an additional 1,931 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.