Analysts Set Coupang, Inc. (NYSE:CPNG) Target Price at $23.75

Coupang, Inc. (NYSE:CPNG) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $23.75.

Several equities analysts have recently issued reports on CPNG shares. Bank of America initiated coverage on Coupang in a report on Friday. They issued a “buy” rating and a $30.00 target price for the company. Citigroup upgraded Coupang from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $26.00 in a research note on Monday, April 15th. TheStreet upgraded shares of Coupang from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Barclays lifted their price objective on shares of Coupang from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and increased their target price for the company from $18.50 to $21.00 in a research report on Thursday, February 29th.

Coupang Price Performance

Shares of NYSE:CPNG opened at $23.00 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The stock has a market cap of $41.25 billion, a PE ratio of 30.67 and a beta of 1.13. The stock’s fifty day simple moving average is $19.65 and its two-hundred day simple moving average is $17.17. Coupang has a 1-year low of $13.51 and a 1-year high of $23.40.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the firm earned $0.06 earnings per share. The firm’s revenue was up 23.2% on a year-over-year basis. As a group, analysts forecast that Coupang will post 0.35 EPS for the current fiscal year.

Insider Activity at Coupang

In related news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total value of $600,985,067.54. Following the transaction, the insider now directly owns 364,542,259 shares in the company, valued at $6,929,948,343.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Coupang news, Director Neil Mehta sold 1,600,000 shares of Coupang stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $18.68, for a total transaction of $29,888,000.00. Following the completion of the sale, the director now owns 48,006,135 shares of the company’s stock, valued at $896,754,601.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total value of $600,985,067.54. Following the transaction, the insider now owns 364,542,259 shares in the company, valued at $6,929,948,343.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,355,282 shares of company stock valued at $633,457,030. Company insiders own 14.90% of the company’s stock.

Institutional Trading of Coupang

Several institutional investors have recently added to or reduced their stakes in CPNG. Ameriprise Financial Inc. lifted its stake in shares of Coupang by 25.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,054,223 shares of the company’s stock valued at $51,922,000 after acquiring an additional 616,210 shares during the last quarter. Twenty Acre Capital LP boosted its stake in shares of Coupang by 23.5% during the fourth quarter. Twenty Acre Capital LP now owns 505,914 shares of the company’s stock valued at $8,191,000 after purchasing an additional 96,300 shares during the period. M&T Bank Corp bought a new position in shares of Coupang in the third quarter worth approximately $2,415,000. SG Americas Securities LLC increased its stake in shares of Coupang by 1,509.1% in the fourth quarter. SG Americas Securities LLC now owns 163,159 shares of the company’s stock worth $2,642,000 after buying an additional 153,019 shares during the period. Finally, Sapient Capital LLC purchased a new stake in Coupang during the 4th quarter valued at $2,486,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Company Profile

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.