Coupang, Inc. (NYSE:CPNG) Receives $32.57 Consensus PT from Analysts

Coupang, Inc. (NYSE:CPNG) has earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $32.5714.

A number of equities research analysts recently weighed in on the company. Nomura downgraded Coupang from a “buy” rating to a “neutral” rating and set a $22.00 target price on the stock. in a research report on Monday, January 12th. Mizuho raised their price objective on Coupang from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Coupang in a research report on Wednesday, October 8th. Nomura Securities lowered Coupang from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Barclays raised their target price on Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th.

Insider Transactions at Coupang

In related news, CAO Jonathan D. Lee sold 2,679 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $23.62, for a total value of $63,277.98. Following the completion of the transaction, the chief accounting officer owned 122,096 shares of the company’s stock, valued at $2,883,907.52. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Pranam Kolari sold 11,653 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $31.98, for a total transaction of $372,662.94. Following the transaction, the vice president owned 147,023 shares of the company’s stock, valued at approximately $4,701,795.54. This represents a 7.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 12.78% of the stock is currently owned by company insiders.

Institutional Trading of Coupang

Several large investors have recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC raised its stake in shares of Coupang by 28.5% in the fourth quarter. Frank Rimerman Advisors LLC now owns 42,016 shares of the company’s stock valued at $991,000 after acquiring an additional 9,313 shares during the last quarter. Polianta Ltd acquired a new stake in Coupang during the 4th quarter valued at $1,549,000. Exchange Traded Concepts LLC raised its position in Coupang by 4.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 572,629 shares of the company’s stock valued at $13,508,000 after purchasing an additional 24,450 shares during the last quarter. SG Americas Securities LLC raised its position in Coupang by 10,004.5% in the 4th quarter. SG Americas Securities LLC now owns 988,722 shares of the company’s stock valued at $23,324,000 after purchasing an additional 978,937 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in Coupang by 5.1% in the fourth quarter. 180 Wealth Advisors LLC now owns 29,478 shares of the company’s stock worth $695,000 after purchasing an additional 1,429 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Trading Down 3.1%

Shares of CPNG stock opened at $20.47 on Friday. The firm has a market capitalization of $37.38 billion, a P/E ratio of 97.46 and a beta of 1.20. Coupang has a 1 year low of $19.02 and a 1 year high of $34.08. The firm’s fifty day simple moving average is $24.81 and its 200 day simple moving average is $28.56. The company has a current ratio of 1.06, a quick ratio of 0.82 and a debt-to-equity ratio of 0.13.

Coupang (NYSE:CPNG) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $9.27 billion for the quarter, compared to analyst estimates of $9.13 billion. Coupang had a net margin of 1.16% and a return on equity of 6.95%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. As a group, sell-side analysts predict that Coupang will post 0.17 EPS for the current year.

About Coupang

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.