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SEATTLE—Pranam Kolari, Vice President of Search and Recommendations at Coupang, Inc. (NYSE:CPNG), a prominent $38.8 billion market cap player in the Broadline Retail industry with 24% revenue growth last year, recently sold shares of the company’s stock, according to a regulatory filing. On April 2, Kolari sold 675 shares of Coupang’s Class A Common Stock at an average price of $21.94 per share, totaling $14,809. According to InvestingPro analysis, the stock currently trades at premium multiples, with a P/E ratio of 240.5x.
This transaction was part of a move to satisfy certain tax obligations related to previously vested restricted stock units (RSUs). Following this sale, Kolari retains direct ownership of 186,453 shares in the company.
Earlier, on April 1, Kolari acquired 57,494 shares through a grant of RSUs, which will vest in four equal quarterly installments starting July 1, 2026, contingent on continued service with the company.
In other recent news, Coupang Inc. reported its fourth-quarter 2024 earnings, revealing a slight miss on revenue expectations with $8 billion in revenue, compared to the anticipated $8.35 billion. However, earnings per share (EPS) met forecasts at $0.01. Despite the revenue miss, Coupang’s gross profit saw a significant year-over-year increase of 48%, reaching $2.5 billion. The company continues to anticipate a 20% constant currency growth in 2025, with expectations that product commerce gross profit will outpace revenue growth. Analyst firms have adjusted their price targets for Coupang, with Citi raising its target to $29 while maintaining a Buy rating, Mizuho (NYSE:MFG) lifting its target to $27 with a Neutral rating, and Barclays (LON:BARC) increasing its target to $35 with an Overweight rating. These adjustments reflect confidence in Coupang’s robust growth trajectory and operational improvements. The company’s strategic focus on expanding its delivery services and automation has contributed to its strong market position, particularly in Korea. Additionally, Coupang plans to continue investing in AI, automation, and technology while expanding its Fulfillment by Coupang business.
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