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SEATTLE—Kang Hanseung, Rep Director of Business Management at Coupang, Inc. (NYSE:CPNG), recently sold 40,000 shares of the company’s Class A common stock. The shares were sold at a price of $23 each, amounting to a total transaction value of $920,000. The transaction comes as the $42.5 billion market cap company trades near its 52-week high of $26.91, with InvestingPro data showing strong revenue growth of 24% in the last twelve months.
Following this sale, Kang retains direct ownership of 669,772 shares. Additionally, indirect holdings include 19,637 shares owned by his spouse and 2,100 shares owned by his daughter. The sale was primarily carried out to address certain tax obligations, according to the filing. InvestingPro analysis reveals the company maintains a healthy financial position with a "GOOD" overall health score.
Coupang, headquartered in Seattle, operates in the retail sector, specializing in catalog and mail-order houses. The company has demonstrated profitability over the last twelve months, with analysts expecting continued earnings growth this year, according to InvestingPro data.
In other recent news, Coupang Inc. reported its fourth-quarter 2024 earnings, revealing a slight revenue miss with $8 billion in revenue against the anticipated $8.35 billion, while earnings per share (EPS) met forecasts at $0.01. Despite the revenue shortfall, Coupang’s gross profit surged by 48% year-over-year, reaching $2.5 billion, and the company generated $1.4 billion in adjusted EBITDA for the full year. Analysts have responded to Coupang’s performance with varied adjustments to stock price targets. Citi raised its price target to $29, maintaining a Buy rating, highlighting a 20.8% year-over-year increase in core commerce revenue and strong EBITDA figures. Mizuho (NYSE:MFG) increased its price target to $27, keeping a Neutral rating, while Barclays (LON:BARC) lifted its target to $35, maintaining an Overweight rating, emphasizing Coupang’s robust fourth-quarter results and optimistic growth outlook for 2025. Coupang’s management has projected a 20% year-over-year growth in core commerce revenue for 2025, with an expectation that gross profit will grow faster than revenue. The company also plans to invest heavily in developing offerings, anticipating adjusted EBITDA losses between $650 million and $750 million for 2025.
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