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Coupang, Inc. (NYSE:CPNG), the $39.5 billion market cap e-commerce giant and prominent player in the Broadline Retail industry, saw its Chief Financial Officer Anand Gaurav conduct a significant stock sale, according to a recent SEC filing. On March 10, Gaurav sold 75,350 shares of Coupang’s Class A Common Stock at an average price of $22.034 per share. The transaction, which was executed under a Rule 10b5-1 trading plan, amounted to a total value of approximately $1.66 million. According to InvestingPro data, the stock is currently trading near its 52-week high of $26.91.
Following the sale, Gaurav retains direct ownership of 2,342,640 shares. Additionally, there are 150,000 shares held indirectly by the Gaurav Anand 2021 Trust, a trust for which Gaurav’s spouse serves as the trustee. The company maintains strong financial health, with InvestingPro analysis showing more cash than debt on its balance sheet and expectations for net income growth this year.
The sale was part of a pre-established trading plan adopted in December 2024, primarily to satisfy certain tax obligations. The shares were sold in multiple transactions, with prices ranging from $21.75 to $22.405 per share. For deeper insights into Coupang’s insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
In other recent news, Coupang Inc. reported its fourth-quarter 2024 earnings, revealing a slight miss on revenue expectations with actual revenue of $8 billion compared to the anticipated $8.35 billion. However, the company met earnings per share forecasts at $0.01. Despite the revenue shortfall, Coupang’s gross profit saw a significant year-over-year increase of 48%, reaching $2.5 billion. The company’s adjusted EBITDA for the full year was $1.4 billion, surpassing consensus estimates by 15%. Citi analysts responded to these results by raising their price target for Coupang shares to $29, maintaining a Buy rating, citing the company’s strong operational performance and growth in its Fastest Last-Mile delivery service.
Barclays (LON:BARC) also adjusted its price target for Coupang, increasing it to $35 while maintaining an Overweight rating, reflecting confidence in the company’s revenue growth and margin expansion. Meanwhile, Mizuho (NYSE:MFG) Securities raised its price target to $27 and maintained a Neutral rating, noting the company’s operational leverage and reduced losses from developing offerings. Coupang’s management remains optimistic, projecting a 20% year-over-year growth in core commerce consolidated revenue for 2025, with expectations that gross profit will grow faster than revenue. The company plans to continue investing in AI, automation, and technology while expanding its Fulfillment by Coupang business.
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