Insider Selling: Coupang, Inc. (NYSE:CPNG) VP Sells $194,387.82 in Stock

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the sale, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

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

Coupang Stock Performance

CPNG stock opened at $23.82 on Friday. Coupang, Inc. has a 1-year low of $13.95 and a 1-year high of $26.91. The business’s 50-day moving average price is $22.98 and its two-hundred day moving average price is $23.46. The firm has a market cap of $42.85 billion, a PE ratio of 41.80, a P/E/G ratio of 42.58 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the previous year, the business posted $0.05 EPS. Coupang’s revenue for the quarter was up 27.2% on a year-over-year basis. As a group, research analysts forecast that Coupang, Inc. will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in shares of Coupang in the fourth quarter valued at about $854,000. Keybank National Association OH acquired a new stake in Coupang in the 4th quarter valued at approximately $360,000. Charles Schwab Investment Management Inc. lifted its stake in Coupang by 20.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 913,789 shares of the company’s stock valued at $20,085,000 after acquiring an additional 154,503 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new position in Coupang during the 4th quarter worth approximately $2,599,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Coupang during the 4th quarter worth approximately $124,000. Institutional investors own 83.72% of the company’s stock.

Wall Street Analyst Weigh In

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