Coupang (NYSE:CPNG) Given New $11.00 Price Target at Sanford C. Bernstein

Coupang (NYSE:CPNG) had its price objective lowered by Sanford C. Bernstein from $12.00 to $11.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an underperform rating on the stock.

Several other research firms have also recently commented on CPNG. Citigroup raised Coupang from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday. The Goldman Sachs Group set a $31.00 target price on Coupang in a report on Thursday, July 9th. Mizuho set a $21.00 target price on Coupang in a research note on Wednesday. Bank of America reduced their price target on Coupang from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Coupang in a research report on Monday. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.41.

Coupang Stock Performance

NYSE:CPNG opened at $16.44 on Thursday. The company has a market cap of $29.56 billion, a P/E ratio of -21.64 and a beta of 1.15. Coupang has a twelve month low of $13.35 and a twelve month high of $30.09. The company’s 50-day moving average price is $14.74 and its 200-day moving average price is $17.17. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 1.16.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09). Coupang had a negative net margin of 3.77% and a negative return on equity of 21.51%. The business had revenue of $9.96 billion during the quarter, compared to analyst estimates of $9.76 billion. During the same quarter in the previous year, the company posted $0.05 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Coupang will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jonathan D. Lee sold 5,519 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 176,396 shares of the company’s stock, valued at $2,407,805.40. This represents a 3.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Harold Rogers sold 192,110 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the sale, the insider owned 740,931 shares in the company, valued at approximately $11,988,263.58. This trade represents a 20.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 203,148 shares of company stock valued at $3,272,530 in the last 90 days. Company insiders own 12.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Coupang by 652.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,702 shares of the company’s stock valued at $37,000 after acquiring an additional 2,343 shares during the period. Main Street Group LTD acquired a new stake in Coupang during the 1st quarter worth $40,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Coupang during the 3rd quarter worth $40,000. Trellis Wealth Advisors LLC acquired a new stake in Coupang during the 3rd quarter worth $44,000. Finally, Versant Capital Management Inc grew its position in Coupang by 94.6% during the 3rd quarter. Versant Capital Management Inc now owns 3,478 shares of the company’s stock worth $48,000 after purchasing an additional 1,691 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Key Stories Impacting Coupang

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Management forecast fourth-quarter constant-currency revenue growth of 13%–14% and adjusted EBITDA margin expansion of 50–150 basis points. Coupang Q4 guidance
• Positive Sentiment: Third-quarter revenue exceeded analysts’ estimates. Constant-currency revenue grew 11% year over year, while Taiwan WOW membership more than doubled—evidence of continued customer and business growth. Q3 takeaways
• Positive Sentiment: Analyst calls were supportive: Citigroup upgraded CPNG to Buy with a $19 target, and Barclays raised its target to $32 while maintaining an Overweight rating. Citi upgrade
• Neutral Sentiment: One article argued CPNG looks inexpensive based on projected cash flow, but that valuation view contrasts with the company’s recent earnings weakness. Coupang cash-flow valuation
• Negative Sentiment: Third-quarter EPS was a larger loss than expected: Coupang reported a loss of $0.18 per share versus the consensus estimate of a $0.09 loss. Coverage also highlighted widening losses, which may weigh on confidence despite the revenue beat. Q3 growth and losses
• Negative Sentiment: Bernstein lowered its price target from $12 to $11 and reiterated an Underperform rating, underscoring concerns that contrast with the bullish upgrades.

About Coupang

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.