Coupang, Inc. (NYSE:CPNG) Director Benjamin Sun Sells 250,000 Shares

Coupang, Inc. (NYSE:CPNG) Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the transaction, the director now directly owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. This trade represents a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Coupang Stock Up 3.0 %

CPNG opened at $23.54 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The stock has a market capitalization of $42.50 billion, a price-to-earnings ratio of 41.30, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. The business has a 50-day moving average of $23.34 and a two-hundred day moving average of $23.91. Coupang, Inc. has a 12 month low of $17.34 and a 12 month high of $26.91.

Institutional Trading of Coupang

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPNG. Atria Investments Inc grew its holdings in Coupang by 4.2% in the 3rd quarter. Atria Investments Inc now owns 23,111 shares of the company’s stock valued at $567,000 after buying an additional 937 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Coupang by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 112,567 shares of the company’s stock worth $2,764,000 after purchasing an additional 1,024 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Coupang by 10.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,265 shares of the company’s stock worth $277,000 after purchasing an additional 1,082 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Coupang by 5.0% during the 3rd quarter. CIBC Asset Management Inc now owns 54,709 shares of the company’s stock worth $1,343,000 after purchasing an additional 2,604 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of Coupang by 2.7% during the 3rd quarter. Natixis Advisors LLC now owns 571,174 shares of the company’s stock worth $14,022,000 after purchasing an additional 15,210 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analysts Set New Price Targets

CPNG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Citigroup dropped their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays set a $35.00 price objective on Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Mizuho lifted their price objective on Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.17.

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.