Insider Sale at Coupang, Inc. as Executive Offloads Shares

Recently, Tae Jung Kim, an insider at Coupang, Inc. (NYSE:CPNG), parted with 5,350 shares of the company. This sale took place on January 2nd, with the shares fetching an average price of $16.00 each, culminating in a total transaction value of $85,600. Post-sale, Kim continues to have a stake in the firm with 248,240 shares, which, at the current valuation, stand at approximately $3,971,840. Details of this insider trading activity have been officially disclosed through a legal filing with the U.S. Securities & Exchange Commission, accessible on their website.

Previous Transactions by Kim

Before this recent sale, Tae Jung Kim engaged in another transaction involving Coupang's shares on December 4th, where 940 shares were sold at an average price of $15.50, totaling $14,570.

Coupang's Stock Performance

The stock of Coupang opened at $15.49 on the day following the insider sale, marking a slight dip of 1.6% from its previous closing price. The company's share price has been fluctuating, with a 50-day moving average of $16.10 and a 200-day moving average of $17.20. With a market capitalization of $27.68 billion and a PE ratio of 64.52, Coupang's financial health appears robust, though with room for improvement. The corporation's lowest stock price over the last 52 weeks stood at $12.66, while its peak was $19.99. Coupang's financial leverage is relatively moderate with a debt-to-equity ratio of 0.18, and liquidity metrics such as a quick ratio of 0.89 and a current ratio of 1.14 indicate reasonable short-term financial stability.

Coupang's Earnings Report

On the earnings front, Coupang released its quarterly report on November 7th, disclosing an earnings per share (EPS) of $0.05, which fell short of the consensus estimate by $0.02. Despite this, the company exhibited an annual revenue increase of 21.2% with $6.18 billion reported for the quarter, surpassing expectations of $5.91 billion. The firm's return on equity stood at an impressive 16.09%, with a net margin of 1.86%. For the current fiscal year, analysts project that Coupang will post 0.28 EPS.

Analyst Sentiment

Equity analysts have been revising their stances on Coupang, with mixed outcomes. For instance, UBS Group downgraded the company from a 'buy' to a 'neutral' rating and reduced the target price from $26.00 to $18.50. Conversely, TheStreet downgraded Coupang from a 'c-' to a 'd+' rating. In total, the stock has received three 'hold' ratings and one 'buy' rating, with an average target price set at $21.42.

Institutional Investment in Coupang

Several hedge funds have adjusted their holdings in Coupang. Noteworthy transactions include new stakes acquired by entities like Eagle Bay Advisors LLC, Headinvest LLC, Altshuler Shaham Ltd, Natixis, and Comerica Bank, with investments ranging from $26,000 to $43,000. Currently, institutional investors and hedge funds own approximately 72.02% of Coupang's stock.

About Coupang

Coupang, Inc, a dominant player in the South Korean e-commerce market, operates its extensive network through mobile applications and websites. The company's business segments are Product Commerce and Developing Offerings, through which it offers a wide array of products and services including home goods, apparel, beauty products, fresh food, sporting goods, electronics, as well as travel and food delivery services.

Coupang, Insider, Stock