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

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

Separately, Citigroup decreased their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th.

Coupang Stock Performance

NYSE:CPNG opened at $23.82 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $22.98 and a 200-day moving average of $23.46. Coupang has a twelve month low of $13.95 and a twelve month high of $26.91. The firm has a market cap of $42.85 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 42.58 and a beta of 1.11.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. Analysts forecast that Coupang will post 0.14 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Greenoaks Capital Partners Llc bought 687,700 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 52,726,423 shares in the company, valued at $1,269,652,265.84. This represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. This trade represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,009,234 shares of company stock valued at $344,761,515. 13.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Coupang

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in Coupang by 267.8% in the 2nd quarter. AQR Capital Management LLC now owns 299,867 shares of the company’s stock valued at $6,282,000 after buying an additional 218,340 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Coupang by 97,573.0% in the 2nd quarter. NewEdge Advisors LLC now owns 97,673 shares of the company’s stock valued at $2,046,000 after purchasing an additional 97,573 shares in the last quarter. Truist Financial Corp increased its position in shares of Coupang by 585.9% during the 2nd quarter. Truist Financial Corp now owns 96,187 shares of the company’s stock worth $2,015,000 after purchasing an additional 82,164 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Coupang by 122.7% during the 2nd quarter. Cetera Investment Advisers now owns 65,332 shares of the company’s stock valued at $1,369,000 after purchasing an additional 35,992 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Coupang during the second quarter worth about $243,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

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.