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

Coupang, Inc. (NYSE:CPNG) insider Pranam Kolari sold 956 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $24.23, for a total value of $23,163.88. Following the sale, the insider now directly owns 163,165 shares in the company, valued at approximately $3,953,487.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $207,596.80.

Coupang Stock Up 1.9 %

Shares of CPNG opened at $24.59 on Friday. The firm has a market cap of $43.97 billion, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 181.74 and a beta of 1.11. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $22.91 and its 200 day moving average price is $21.75. Coupang, Inc. has a 12-month low of $13.51 and a 12-month high of $25.19.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The company had revenue of $7.32 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the previous year, the company posted $0.08 EPS. Coupang’s revenue was up 25.4% compared to the same quarter last year. On average, sell-side analysts forecast that Coupang, Inc. will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On Coupang

A number of institutional investors and hedge funds have recently made changes to their positions in CPNG. Baader Bank Aktiengesellschaft raised its stake in Coupang by 5.7% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,567 shares of the company’s stock worth $219,000 after acquiring an additional 567 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in Coupang by 6.0% during the second quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company’s stock worth $235,000 after buying an additional 635 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Coupang by 15.4% in the second quarter. National Bank of Canada FI now owns 6,687 shares of the company’s stock valued at $141,000 after purchasing an additional 890 shares in the last quarter. TCW Group Inc. lifted its holdings in shares of Coupang by 6.4% in the second quarter. TCW Group Inc. now owns 16,781 shares of the company’s stock valued at $352,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Coupang by 2.2% in the first quarter. Private Advisor Group LLC now owns 48,088 shares of the company’s stock valued at $855,000 after purchasing an additional 1,036 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley increased their target price on Coupang from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. CLSA upgraded Coupang from a “hold” rating to an “outperform” rating and lifted their price target for the stock from $18.00 to $31.00 in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Coupang currently has an average rating of “Moderate Buy” and an average target price of $27.25.

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.