Coupang, Inc. (NYSE:CPNG) Stock Has Consensus Target Price of $24.06 According to Analysts

Coupang, Inc. (NYSE:CPNG) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $24.06.

Several brokerages have recently weighed in on CPNG. Weiss Ratings reissued a “sell (d)” rating on shares of Coupang in a research note on Tuesday, August 4th. Bank of America reduced their target price on Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and decreased their target price for the company from $23.00 to $21.50 in a research report on Wednesday, August 5th. The Goldman Sachs Group set a $31.00 price target on shares of Coupang in a report on Thursday, July 9th. Finally, Barclays restated an “overweight” rating and issued a $29.00 price target on shares of Coupang in a research report on Tuesday, July 7th.

Coupang Stock Down 1.2%

Shares of NYSE:CPNG opened at $13.73 on Tuesday. The firm has a market cap of $24.69 billion, a P/E ratio of -31.94 and a beta of 1.17. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 0.21. Coupang has a 12-month low of $13.35 and a 12-month high of $32.35. The business has a fifty day simple moving average of $14.94 and a 200 day simple moving average of $17.45.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.18. Coupang had a negative return on equity of 8.77% and a negative net margin of 2.16%. The firm had revenue of $8.86 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same period in the previous year, the business earned $0.02 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts predict that Coupang will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Coupang

In related news, insider Harold Rogers sold 192,110 shares of Coupang stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the completion of the transaction, the insider owned 740,931 shares of the company’s stock, valued at $11,988,263.58. This trade represents a 20.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jonathan D. Lee sold 5,519 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $13.65, for a total transaction of $75,334.35. Following the completion of the transaction, the chief accounting officer owned 176,396 shares in the company, valued at approximately $2,407,805.40. The trade was a 3.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 203,148 shares of company stock valued at $3,272,530. 12.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Inspire Investing LLC increased its holdings in Coupang by 4.7% in the third quarter. Inspire Investing LLC now owns 97,865 shares of the company’s stock worth $1,357,000 after purchasing an additional 4,410 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Coupang by 13.2% during the 3rd quarter. Yousif Capital Management LLC now owns 20,518 shares of the company’s stock worth $285,000 after buying an additional 2,385 shares in the last quarter. Sepio Capital LP boosted its holdings in shares of Coupang by 1,284.5% during the 3rd quarter. Sepio Capital LP now owns 1,586,760 shares of the company’s stock worth $22,008,000 after buying an additional 1,472,153 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Coupang during the 3rd quarter worth approximately $140,000. Finally, Hosking Partners LLP grew its position in shares of Coupang by 4.0% during the 3rd quarter. Hosking Partners LLP now owns 2,070,895 shares of the company’s stock worth $28,723,000 after buying an additional 79,118 shares during the period. 83.72% of the stock is owned by institutional investors.

Coupang Company Profile

Coupang, Inc is an e-commerce and technology company that operates a large digital retail platform. The company offers a broad selection of merchandise, including electronics, household goods, apparel, beauty products and groceries. Its services include Rocket Delivery, a fast-delivery program; Rocket Fresh, which focuses on fresh food and groceries; and Wow, a membership program that provides delivery and other customer benefits.

Coupang also operates Coupang Eats, a restaurant-ordering and delivery service, as well as Coupang Play, a digital video streaming platform.