Key Points
- Coupang CAO Jonathan Lee sold 5,519 shares at an average price of $13.65, totaling $75,334.35. The Rule 10b5-1 transaction reduced his ownership by 3.03%, leaving him with 176,396 shares.
- Coupang shares opened at $14.21 and remain near their 52-week low of $13.35, well below the 52-week high of $32.74. The company has a $25.53 billion market capitalization and reported negative net margin and return on equity.
- The latest quarter showed a smaller-than-expected loss of $0.09 per share and revenue of $8.86 billion, up 3.9% year over year. Analysts hold a consensus “Hold” rating, with an average price target of $24.06, while institutional investors own 83.72% of the stock.
Coupang, Inc. (NYSE:CPNG - Get Free Report) CAO Jonathan Lee sold 5,519 shares of Coupang stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $13.65, for a total value of $75,334.35. Following the completion of the sale, the chief accounting officer owned 176,396 shares of the company's stock, valued at $2,407,805.40. The trade was a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Coupang Price Performance
CPNG opened at $14.21 on Tuesday. The company's 50-day simple moving average is $15.41 and its two-hundred day simple moving average is $17.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 0.87. The stock has a market capitalization of $25.53 billion, a P/E ratio of -33.03 and a beta of 1.17. Coupang, Inc. has a 52-week low of $13.35 and a 52-week high of $32.74.
Coupang (NYSE:CPNG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.18. The firm had revenue of $8.86 billion during the quarter, compared to analyst estimates of $8.92 billion. Coupang had a negative net margin of 2.16% and a negative return on equity of 8.77%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 earnings per share. As a group, analysts predict that Coupang, Inc. will post -0.46 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Reflection Asset Management bought a new stake in Coupang during the 4th quarter worth approximately $28,000. Webster Bank N. A. increased its stake in shares of Coupang by 325.8% in the first quarter. Webster Bank N. A. now owns 1,699 shares of the company's stock worth $32,000 after purchasing an additional 1,300 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of Coupang in the first quarter worth $40,000. Root Financial Partners LLC raised its position in shares of Coupang by 68.5% during the 1st quarter. Root Financial Partners LLC now owns 2,265 shares of the company's stock valued at $43,000 after purchasing an additional 921 shares during the period. Finally, Osbon Capital Management LLC bought a new stake in shares of Coupang during the 4th quarter valued at $45,000. 83.72% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
CPNG has been the topic of a number of research reports. CLSA began coverage on shares of Coupang in a report on Monday, June 15th. They issued an "outperform" rating and a $24.00 price objective on the stock. Mizuho set a $22.00 target price on shares of Coupang in a report on Wednesday, August 5th. Bank of America decreased their price target on shares of Coupang from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and dropped their price target for the stock from $23.00 to $21.50 in a research note on Wednesday, August 5th. Finally, Barclays restated an "overweight" rating and issued a $29.00 price objective on shares of Coupang in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Coupang has a consensus rating of "Hold" and a consensus price target of $24.06.
Get Our Latest Stock Analysis on CPNG
About Coupang
(
Get Free Report)
Coupang, Inc is an e-commerce and technology company that operates primarily in South Korea and Taiwan. The company connects consumers with a broad selection of merchandise, including groceries, household goods, electronics, apparel, beauty products and other everyday items. Its services are supported by an integrated logistics network designed to provide fast delivery and a convenient online shopping experience.
Coupang's offerings include its Rocket Delivery and Rocket Fresh services, which provide rapid delivery of general merchandise and groceries, respectively.
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