Analysts Set Coupang, Inc. (NYSE:CPNG) Price Target at $27.56

Shares of Coupang, Inc. (NYSE:CPNG) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.56.

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

Coupang Stock Down 1.2 %

NYSE CPNG opened at $23.60 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The company’s 50 day simple moving average is $24.93 and its 200 day simple moving average is $23.15. Coupang has a 12 month low of $13.51 and a 12 month high of $26.91. The company has a market capitalization of $42.44 billion, a P/E ratio of 41.39, a PEG ratio of 215.03 and a beta of 1.07.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, November 5th. The company reported $0.06 EPS 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 business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same period in the previous year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. Equities research analysts expect that Coupang will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Coupang

In other Coupang news, CEO Bom Kim sold 15,000,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly 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 hyperlink. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 13.60% of the company’s stock.

Institutional Trading of Coupang

Several large investors have recently added to or reduced their stakes in CPNG. Handelsbanken Fonder AB boosted its holdings in shares of Coupang by 2.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company’s stock worth $21,706,000 after buying an additional 24,553 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Coupang by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock worth $18,640,000 after buying an additional 138,416 shares during the period. abrdn plc boosted its holdings in shares of Coupang by 40.2% during the 3rd quarter. abrdn plc now owns 202,359 shares of the company’s stock worth $4,968,000 after buying an additional 58,060 shares during the period. Plotkin Financial Advisors LLC bought a new stake in shares of Coupang during the 3rd quarter worth $491,000. Finally, Coronation Fund Managers Ltd. boosted its holdings in shares of Coupang by 139.1% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after buying an additional 2,802,325 shares during the period. 83.72% of the stock is owned by institutional investors.

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.