Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari Sells 8,459 Shares

Coupang, Inc. (NYSE:CPNG - Get Free Report) VP Pranam Kolari sold 8,459 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale 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 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 transaction of $17,127.50.

Coupang Stock Performance

Shares of NYSE CPNG traded down $0.21 during mid-day trading on Friday, hitting $23.65. The stock had a trading volume of 8,399,807 shares, compared to its average volume of 5,871,385. The firm has a market cap of $42.54 billion, a PE ratio of 41.49, a PEG ratio of 43.21 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company has a 50 day moving average of $22.94 and a two-hundred day moving average of $23.50. Coupang, Inc. has a twelve month low of $14.10 and a twelve month high of $26.91.

Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.87 billion during the quarter, compared to analysts' expectations of $7.76 billion. During the same period last year, the business posted $0.05 earnings per share. The company's revenue for the quarter was up 27.2% compared to the same quarter last year. Research analysts predict that Coupang, Inc. will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. purchased a new position in shares of Coupang during the 4th quarter valued at about $26,000. Brooklyn Investment Group purchased a new stake in Coupang in the 3rd quarter worth approximately $28,000. Asset Dedication LLC boosted its holdings in Coupang by 438.1% during the third quarter. Asset Dedication LLC now owns 1,216 shares of the company's stock worth $30,000 after buying an additional 990 shares in the last quarter. Berbice Capital Management LLC acquired a new position in shares of Coupang in the fourth quarter worth about $31,000. Finally, Van ECK Associates Corp boosted its stake in shares of Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock worth $32,000 after acquiring an additional 484 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Coupang presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.56.

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.