Gaurav Anand Sells 175,000 Shares of Coupang, Inc. (NYSE:CPNG) Stock

Coupang, Inc. (NYSE:CPNG) CFO Gaurav Anand sold 175,000 shares of Coupang stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $28.11, for a total value of $4,919,250.00. Following the completion of the sale, the chief financial officer now owns 2,092,290 shares in the company, valued at approximately $58,814,271.90. This represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Gaurav Anand also recently made the following trade(s):

• On Monday, May 12th, Gaurav Anand sold 75,350 shares of Coupang stock. The stock was sold at an average price of $26.10, for a total value of $1,966,635.00.

Coupang Trading Down 0.3%

Coupang stock opened at $28.24 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $24.12 and its two-hundred day simple moving average is $23.67. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $28.61. The company has a market capitalization of $51.27 billion, a price-to-earnings ratio of 49.55, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $8.02 billion. Coupang’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities analysts predict that Coupang, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coupang

Several hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Coupang by 29.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock worth $1,663,594,000 after acquiring an additional 17,123,637 shares in the last quarter. Dodge & Cox raised its stake in shares of Coupang by 101.6% in the first quarter. Dodge & Cox now owns 40,784,920 shares of the company’s stock worth $894,413,000 after purchasing an additional 20,555,600 shares during the last quarter. FMR LLC raised its stake in shares of Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company’s stock worth $651,038,000 after purchasing an additional 2,465,973 shares during the last quarter. Durable Capital Partners LP raised its stake in shares of Coupang by 13.6% in the fourth quarter. Durable Capital Partners LP now owns 28,636,287 shares of the company’s stock worth $629,426,000 after purchasing an additional 3,420,133 shares during the last quarter. Finally, Dragoneer Investment Group LLC raised its stake in shares of Coupang by 9.0% in the fourth quarter. Dragoneer Investment Group LLC now owns 20,541,277 shares of the company’s stock worth $451,497,000 after purchasing an additional 1,690,826 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on Coupang from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective on the stock in a research report on Wednesday, February 26th. Finally, Mizuho upgraded Coupang to a “hold” rating in a research report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.64.

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.