Coupang, Inc. (NYSE:CPNG) Receives $27.56 Average Price Target from Brokerages

Shares of Coupang, Inc. (NYSE:CPNG) have received an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $27.56.

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

Insiders Place Their Bets

In related news, CEO Bom Kim sold 15,000,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the sale, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at $45,940,000. The trade was a 88.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $1,269,652,265.84. This represents a 1.32 % increase in their position. The disclosure for this purchase can be found here. 13.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coupang

Several institutional investors and hedge funds have recently modified their holdings of CPNG. Brooklyn Investment Group purchased a new position in Coupang in the 3rd quarter worth approximately $28,000. Asset Dedication LLC raised its stake in shares of Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock worth $30,000 after purchasing an additional 990 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after purchasing an additional 484 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Coupang by 308.2% during the second quarter. GAMMA Investing LLC now owns 1,947 shares of the company’s stock valued at $41,000 after buying an additional 1,470 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in Coupang by 330.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock worth $41,000 after buying an additional 1,295 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Up 1.3 %

CPNG opened at $24.32 on Tuesday. The firm has a market capitalization of $43.75 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 216.02 and a beta of 1.10. Coupang has a one year low of $13.51 and a one year high of $26.91. The company has a fifty day moving average price of $24.99 and a 200-day moving average price of $22.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

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

About Coupang

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.