Coupang, Inc. (NYSE:CPNG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $27.56.

A number of research analysts recently weighed in on the stock. CLSA upgraded shares of Coupang from a “hold” rating to an “outperform” rating and lifted their price objective for the company from $18.00 to $31.00 in a research note on Wednesday, September 4th. Sanford C. Bernstein upgraded Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, October 7th.

Coupang Stock Down 1.8 %

CPNG stock opened at $23.89 on Friday. The stock has a fifty day moving average of $24.97 and a 200-day moving average of $23.15. Coupang has a fifty-two week low of $13.51 and a fifty-two week high of $26.91. The company has a market capitalization of $42.97 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 215.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Coupang had a net margin of 3.57% and a return on equity of 11.52%. The firm had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. During the same quarter last year, the business earned $0.05 earnings per share. The company’s quarterly revenue was up 27.2% on a year-over-year basis. As a group, equities research analysts predict that Coupang will post 0.11 earnings per share for the current year.

Insider Transactions at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now owns 52,726,423 shares of the company’s stock, valued at $1,269,652,265.84. This trade represents a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the transaction, the chief executive officer now owns 2,000,000 shares in the company, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company’s stock.

Institutional Trading of Coupang

A number of hedge funds have recently made changes to their positions in CPNG. Van ECK Associates Corp lifted its stake in Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after purchasing an additional 484 shares during the last quarter. Covestor Ltd boosted its stake in Coupang by 10.4% in the third quarter. Covestor Ltd now owns 6,479 shares of the company’s stock worth $159,000 after buying an additional 612 shares in the last quarter. Resonant Capital Advisors LLC grew its position in Coupang by 6.0% during the second quarter. Resonant Capital Advisors LLC now owns 11,197 shares of the company’s stock valued at $235,000 after acquiring an additional 635 shares during the last quarter. Janus Henderson Group PLC grew its position in Coupang by 2.2% during the third quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock valued at $850,000 after acquiring an additional 747 shares during the last quarter. Finally, Advisory Resource Group grew its holdings in shares of Coupang by 1.9% during the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock valued at $1,083,000 after purchasing an additional 823 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.