Coupang, Inc. (NYSE:CPNG) Insider Sells $14,570.00 in Stock
Coupang, Inc. (NYSE:CPNG – Get Free Report) insider Tae Jung Kim sold 940 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $15.50, for a total transaction of $14,570.00. Following the completion of the transaction, the insider now directly owns 253,590 shares in the company, valued at $3,930,645. The sale was disclosed in a document filed with the SEC, which is available at this link.
Tae Jung Kim also recently made the following trade(s):
On Monday, October 2nd, Tae Jung Kim sold 4,673 shares of Coupang stock. The stock was sold at an average price of $16.95, for a total transaction of $79,207.35. Coupang Trading Up 0.3 %
NYSE CPNG traded up $0.04 on Tuesday, reaching $15.41. The stock had a trading volume of 7,953,353 shares, compared to its average volume of 7,624,668. The firm has a market capitalization of $27.54 billion, a price-to-earnings ratio of 64.19 and a beta of 1.18. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. Coupang, Inc. has a 12-month low of $12.66 and a 12-month high of $19.99. The stock has a fifty day moving average price of $16.66 and a two-hundred day moving average price of $17.21.
Coupang (NYSE:CPNG – Get Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Coupang had a return on equity of 16.09% and a net margin of 1.86%. The company had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Coupang, Inc. will post 0.28 EPS for the current fiscal year.
Analyst Ratings Changes
CPNG has been the topic of a number of research reports. TheStreet lowered shares of Coupang from a “c-” rating to a “d+” rating in a research note on Wednesday, November 8th. Mizuho upped their price objective on Coupang from $20.00 to $22.00 in a report on Wednesday, August 9th. Barclays upped their price objective on Coupang from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Deutsche Bank Aktiengesellschaft cut Coupang from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a report on Wednesday, August 9th. Finally, Bank of America upped their price objective on Coupang from $19.00 to $22.00 in a report on Thursday, August 10th.
Read Our Latest Report on Coupang
Institutional Trading of Coupang
Large investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC purchased a new stake in shares of Coupang during the second quarter worth $26,000. Altshuler Shaham Ltd purchased a new position in Coupang in the fourth quarter valued at $36,000. Natixis purchased a new position in Coupang in the second quarter valued at $38,000. Comerica Bank purchased a new position in Coupang in the third quarter valued at $43,000. Finally, NBC Securities Inc. purchased a new position in Coupang in the third quarter valued at $51,000. Hedge funds and other institutional investors own 72.02% of the company’s stock.
About Coupang (Get Free Report)
Coupang, Inc, together with its subsidiaries owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. The company operates through two segments, Product Commerce and Developing Offerings. 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.
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Original: MarketBeat News Feed: Coupang, Inc. (NYSE:CPNG) Insider Sells $14,570.00 in Stock