Pranam Kolari Sells 11,653 Shares of Coupang (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) VP Pranam Kolari sold 11,653 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $31.98, for a total value of $372,662.94. Following the transaction, the vice president owned 147,023 shares in the company, valued at $4,701,795.54. The trade was a 7.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Coupang Trading Down 4.0%

Shares of Coupang stock opened at $29.02 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 1.06. The firm has a 50-day moving average of $31.61 and a 200-day moving average of $29.29. Coupang, Inc. has a 52-week low of $19.02 and a 52-week high of $34.08. The stock has a market cap of $52.91 billion, a PE ratio of 138.20 and a beta of 1.17.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The business had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.13 billion. During the same quarter in the previous year, the company earned $0.06 EPS. The business’s revenue was up 17.8% on a year-over-year basis. As a group, sell-side analysts forecast that Coupang, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CPNG shares. Zacks Research raised Coupang from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Nomura Securities raised Coupang to a “strong-buy” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Coupang in a research report on Wednesday, October 8th. Bank of America upped their price objective on shares of Coupang from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.56.

Institutional Trading of Coupang

Institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. boosted its stake in Coupang by 19.5% in the third quarter. Assetmark Inc. now owns 6,530 shares of the company’s stock valued at $210,000 after buying an additional 1,067 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of Coupang by 5.3% in the 3rd quarter. RFG Advisory LLC now owns 36,305 shares of the company’s stock valued at $1,169,000 after purchasing an additional 1,840 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new stake in shares of Coupang during the 3rd quarter valued at approximately $1,097,000. Smartleaf Asset Management LLC grew its holdings in shares of Coupang by 326.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 11,168 shares of the company’s stock valued at $367,000 after purchasing an additional 8,549 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in Coupang during the 3rd quarter worth approximately $2,217,000. 83.72% of the stock is currently owned by institutional investors.

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.