Coupang, Inc. (NYSE:CPNG) Receives $26.92 Average Price Target from Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $26.92.

Several research firms have issued reports on CPNG. Weiss Ratings lowered shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd. Morgan Stanley dropped their price target on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Nomura dropped their price target on shares of Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Coupang from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research report on Wednesday, May 6th.

Coupang Stock Performance

NYSE CPNG opened at $16.50 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $18.69 and its two-hundred day moving average price is $21.11. Coupang has a 1 year low of $15.03 and a 1 year high of $34.08. The firm has a market capitalization of $29.61 billion, a P/E ratio of -183.26 and a beta of 1.20.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.48 billion. During the same period last year, the company posted $0.06 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Coupang will post -0.17 EPS for the current year.

Insider Transactions at Coupang

In other news, Director Neil Mehta purchased 2,332,863 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $18.40 per share, with a total value of $42,924,679.20. Following the completion of the transaction, the director owned 55,310,977 shares of the company’s stock, valued at $1,017,721,976.80. The trade was a 4.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 7,350,104 shares of company stock worth $136,566,051 over the last 90 days. Corporate insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Coupang

Several large investors have recently modified their holdings of the stock. Allen Capital Group LLC raised its position in shares of Coupang by 469.2% in the first quarter. Allen Capital Group LLC now owns 150,791 shares of the company’s stock valued at $2,847,000 after purchasing an additional 124,297 shares during the period. Axiom Investment Management LLC bought a new position in shares of Coupang in the first quarter valued at about $502,000. Essential Partners LLC raised its position in shares of Coupang by 193.4% in the first quarter. Essential Partners LLC now owns 3,448 shares of the company’s stock valued at $65,000 after purchasing an additional 2,273 shares during the period. RMR Capital Management LLC raised its position in shares of Coupang by 68.5% in the first quarter. RMR Capital Management LLC now owns 27,059 shares of the company’s stock valued at $511,000 after purchasing an additional 11,000 shares during the period. Finally, Western Wealth Management LLC bought a new position in shares of Coupang in the first quarter valued at about $74,000. 83.72% of the stock is owned by institutional investors.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.