Ukraine proposes $100 bln US weapons deal for security guarantees - FT
Harold Rogers (NYSE:ROG), an officer at Coupang Inc. (NYSE:CPNG), a prominent player in the Broadline Retail industry with a market capitalization of $41 billion, recently sold a significant portion of his holdings in the company. On March 5, Rogers sold 273,977 shares of Coupang’s Class A common stock. The shares were sold at a weighted average price of $23.4964, with prices ranging from $23.36 to $23.685 per share. This transaction, which was primarily conducted to satisfy certain tax obligations, amounted to a total value of approximately $6.44 million. Following the sale, Rogers retains ownership of 514,324 shares in the company. According to InvestingPro analysis, Coupang demonstrates strong financial health with impressive revenue growth of 24% in the last twelve months. The company currently appears undervalued based on InvestingPro’s Fair Value calculations, with 8 additional exclusive ProTips available for subscribers.
In other recent news, Coupang Inc. reported its fourth-quarter 2024 earnings, revealing revenue of $8 billion, which fell short of the anticipated $8.35 billion. However, the company’s earnings per share (EPS) met expectations at $0.01. Gross profit for the quarter saw a significant year-over-year increase of 48%, reaching $2.5 billion. Analysts at Citi, Mizuho (NYSE:MFG), and Barclays (LON:BARC) have adjusted their price targets for Coupang, with Citi setting it at $29, Mizuho at $27, and Barclays at $35, reflecting their varied outlooks on the company’s growth prospects. Barclays maintained an Overweight rating, while Citi reiterated a Buy rating and Mizuho kept a Neutral rating. Coupang’s management anticipates approximately 20% year-over-year growth in core commerce revenue for 2025, with a focus on expanding its Fastest Last-Mile delivery service. The company also plans to increase investment in its developing offerings, which includes Coupang Eats and its operations in Taiwan. Despite the revenue miss, the company’s adjusted EBITDA reached $421 million, surpassing consensus estimates by 15%, supported by cost efficiencies and a profit turnaround at Farfetch (OTC:FTCHQ).
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