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

Shares of Coupang, Inc. (NYSE:CPNG) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $27.56.

CPNG has been the topic of several research reports. Citigroup reduced their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Sanford C. Bernstein raised shares of 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 Price Performance

CPNG stock opened at $21.94 on Wednesday. Coupang has a 52-week low of $13.51 and a 52-week high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The stock has a market cap of $39.47 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 215.03 and a beta of 1.10. The business has a fifty day moving average of $23.59 and a two-hundred day moving average of $23.29.

Coupang (NYSE:CPNG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $7.76 billion. During the same period in the prior year, the business posted $0.05 EPS. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, research analysts anticipate that Coupang will post 0.11 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Coupang

Several hedge funds have recently modified their holdings of the business. Ignite Planners LLC lifted its holdings in Coupang by 2.5% in the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock valued at $452,000 after acquiring an additional 483 shares during the period. Van ECK Associates Corp boosted its position in shares of Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares in the last quarter. Covestor Ltd grew its stake in Coupang by 10.4% in the 3rd quarter. Covestor Ltd now owns 6,479 shares of the company’s stock valued at $159,000 after acquiring an additional 612 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Coupang by 2.2% during the 3rd 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 in the last quarter. Finally, Advisory Resource Group raised its position in Coupang by 1.9% during the third quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock worth $1,083,000 after acquiring an additional 823 shares during the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

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.