Coupang, Inc. (NYSE:CPNG – Get Free Report) insider Harold Rogers sold 192,110 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $16.18, for a total value of $3,108,339.80. Following the sale, the insider owned 740,931 shares of the company’s stock, valued at approximately $11,988,263.58. The trade was a 20.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Coupang Stock Up 2.1%
CPNG traded up $0.34 on Tuesday, reaching $16.53. The company’s stock had a trading volume of 20,179,423 shares, compared to its average volume of 23,460,725. The company has a market capitalization of $29.68 billion, a price-to-earnings ratio of -38.45 and a beta of 1.13. Coupang, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $34.08. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $17.00 and a two-hundred day moving average of $18.10.
Hedge Funds Weigh In On Coupang
A number of hedge funds have recently modified their holdings of CPNG. Sunbelt Securities Inc. purchased a new stake in Coupang in the 3rd quarter valued at $26,000. Reflection Asset Management purchased a new position in Coupang during the 4th quarter worth $28,000. Webster Bank N. A. grew its position in Coupang by 325.8% during the 1st 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 during the last quarter. Main Street Group LTD acquired a new position in Coupang in the first quarter valued at $40,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Coupang in the fourth quarter valued at about $42,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
View Our Latest Analysis on CPNG
About Coupang
Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.
The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.
Featured Stories
- Five stocks we like better than Coupang
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Coupang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupang and related companies with MarketBeat.com's FREE daily email newsletter.
