Coupang, Inc. (NYSE:CPNG) Receives $29.19 Consensus PT from Analysts

Coupang, Inc. (NYSE:CPNG) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $29.19.

Several equities research analysts have recently commented on the company. Barclays upped their target price on Coupang from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a research note on Wednesday, February 26th. Finally, Mizuho upgraded Coupang to a “hold” rating in a research report on Friday, April 18th.

Insider Buying and Selling at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gaurav Anand sold 75,350 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $26.10, for a total value of $1,966,635.00. Following the transaction, the chief financial officer now directly owns 2,267,290 shares of the company’s stock, valued at $59,176,269. This represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,334,697 shares of company stock worth $780,547,061. 13.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CPNG. Thoroughbred Financial Services LLC increased its stake in shares of Coupang by 1.4% during the first quarter. Thoroughbred Financial Services LLC now owns 29,486 shares of the company’s stock worth $646,000 after purchasing an additional 408 shares during the period. California State Teachers Retirement System increased its stake in shares of Coupang by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 85,489 shares of the company’s stock worth $1,879,000 after purchasing an additional 445 shares during the period. Pacer Advisors Inc. increased its stake in shares of Coupang by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock worth $253,000 after purchasing an additional 452 shares during the period. Angeles Wealth Management LLC increased its stake in Coupang by 0.8% during the 4th quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock worth $1,211,000 after acquiring an additional 459 shares during the period. Finally, Virtus ETF Advisers LLC increased its stake in Coupang by 1.1% during the 4th quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company’s stock worth $975,000 after acquiring an additional 466 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Coupang Trading Down 0.4%

Shares of Coupang stock opened at $26.80 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a market cap of $48.39 billion, a price-to-earnings ratio of 47.02, a price-to-earnings-growth ratio of 52.20 and a beta of 1.08. The business has a fifty day simple moving average of $22.91 and a 200-day simple moving average of $23.46. Coupang has a fifty-two week low of $18.16 and a fifty-two week high of $27.08.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, May 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Coupang had a net margin of 3.57% and a return on equity of 11.52%. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $8.02 billion. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities analysts forecast that Coupang will post 0.17 EPS for the current fiscal year.

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.