Pranam Kolari Sells 956 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) insider Pranam Kolari sold 956 shares of Coupang stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $24.23, for a total transaction of $23,163.88. Following the completion of the sale, the insider now owns 163,165 shares in the company, valued at approximately $3,953,487.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, August 2nd, Pranam Kolari sold 10,432 shares of Coupang stock. The shares were sold at an average price of $19.90, for a total transaction of $207,596.80.

Coupang Stock Up 1.9 %

Shares of CPNG stock opened at $24.59 on Friday. The stock has a market cap of $43.97 billion, a P/E ratio of 35.13, a PEG ratio of 181.74 and a beta of 1.11. Coupang, Inc. has a 52 week low of $13.51 and a 52 week high of $25.19. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $22.91 and its two-hundred day simple moving average is $21.75.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. The business had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.39 billion. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. Analysts predict that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CPNG has been the topic of several recent analyst reports. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and increased their price objective for the company from $18.00 to $31.00 in a research report on Wednesday, September 4th. Morgan Stanley boosted their price objective on shares of Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

Institutional Trading of Coupang

Several hedge funds have recently made changes to their positions in CPNG. Bain Capital Public Equity Management II LLC purchased a new stake in Coupang in the fourth quarter worth $18,850,000. Nebula Research & Development LLC grew its stake in Coupang by 220.4% during the 4th quarter. Nebula Research & Development LLC now owns 98,140 shares of the company’s stock worth $1,589,000 after buying an additional 67,509 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its stake in Coupang by 3.5% during the 4th quarter. Kontiki Capital Management HK Ltd. now owns 8,533,568 shares of the company’s stock worth $138,158,000 after buying an additional 287,000 shares during the last quarter. Bleakley Financial Group LLC grew its stake in Coupang by 17.9% during the 1st quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock worth $318,000 after buying an additional 2,710 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in Coupang by 5.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company’s stock valued at $39,801,000 after purchasing an additional 110,700 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

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.