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

Shares of Coupang, Inc. (NYSE:CPNG) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $27.56.

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

Coupang Stock Down 0.5 %

Shares of CPNG stock opened at $24.36 on Tuesday. Coupang has a 52-week low of $13.51 and a 52-week high of $26.91. The stock has a market cap of $43.82 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 220.34 and a beta of 1.10. The firm’s 50-day moving average is $24.94 and its 200-day moving average is $22.91. 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 released its quarterly earnings data 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 company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. Sell-side analysts predict that Coupang will post 0.11 EPS for the current year.

Insider Activity

In related news, Director Greenoaks Capital Partners Llc purchased 750,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $24.01 per share, for a total transaction of $18,007,500.00. Following the completion of the transaction, the director now owns 52,038,723 shares of the company’s stock, valued at approximately $1,249,449,739.23. This trade represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at $45,940,000. This represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 1,537,700 shares of company stock worth $36,862,316. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its stake in Coupang by 10.1% during the third quarter. Coldstream Capital Management Inc. now owns 15,517 shares of the company’s stock worth $382,000 after acquiring an additional 1,427 shares in the last quarter. Geode Capital Management LLC increased its position in Coupang by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock worth $144,483,000 after purchasing an additional 29,164 shares in the last quarter. Adalta Capital Management LLC lifted its stake in Coupang by 1.3% in the 3rd quarter. Adalta Capital Management LLC now owns 78,961 shares of the company’s stock valued at $1,938,000 after purchasing an additional 1,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Coupang during the third quarter worth $15,349,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Coupang during the third quarter worth $2,515,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

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.