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

Coupang, Inc. (NYSE:CPNG) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $27.56.

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

Coupang Trading Up 0.8 %

Coupang stock opened at $25.61 on Friday. The firm has a market cap of $45.78 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 282.07 and a beta of 1.11. Coupang has a 1 year low of $13.51 and a 1 year high of $26.28. The firm’s 50 day moving average price is $23.97 and its two-hundred day moving average price is $22.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 1.12.

Coupang (NYSE:CPNG) last issued its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. Coupang had a return on equity of 12.04% and a net margin of 3.87%. The business had revenue of $7.32 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the previous year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 25.4% on a year-over-year basis. On average, research analysts predict that Coupang will post 0.09 EPS for the current fiscal year.

Insider Activity

In other news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of $22.95 per share, for a total transaction of $2,295,000.00. Following the completion of the acquisition, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Pranam Kolari sold 10,432 shares of Coupang stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $19.90, for a total transaction of $207,596.80. Following the completion of the sale, the insider now directly owns 170,356 shares in the company, valued at $3,390,084.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the acquisition, the director now directly owns 50,476,224 shares of the company’s stock, valued at $1,158,429,340.80. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 601,300 shares of company stock worth $13,604,354 and have sold 411,388 shares worth $9,452,761. 13.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Coupang

A number of institutional investors have recently added to or reduced their stakes in CPNG. Bleakley Financial Group LLC increased its holdings in shares of Coupang by 17.9% during the 1st quarter. Bleakley Financial Group LLC now owns 17,880 shares of the company’s stock valued at $318,000 after acquiring an additional 2,710 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Coupang by 2.9% during the third quarter. Handelsbanken Fonder AB now owns 884,144 shares of the company’s stock valued at $21,706,000 after purchasing an additional 24,553 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Coupang by 5.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,237,250 shares of the company’s stock valued at $39,801,000 after purchasing an additional 110,700 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Coupang by 55.5% in the second quarter. Assenagon Asset Management S.A. now owns 4,524,994 shares of the company’s stock valued at $94,799,000 after purchasing an additional 1,615,448 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of Coupang by 767.9% in the first quarter. GSA Capital Partners LLP now owns 108,990 shares of the company’s stock worth $1,939,000 after buying an additional 96,432 shares during the last quarter. 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.