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

Shares of Coupang, Inc. (NYSE:CPNG) have earned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.75.

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

Insider Transactions at Coupang

In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 364,542,259 shares of the company’s stock, valued at approximately $6,929,948,343.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Harold Rogers sold 139,080 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the sale, the insider now directly owns 394,192 shares in the company, valued at $7,194,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the completion of the sale, the insider now directly owns 364,542,259 shares in the company, valued at approximately $6,929,948,343.59. The disclosure for this sale can be found here. Insiders sold a total of 33,353,234 shares of company stock valued at $633,411,278 in the last three months. 14.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coupang

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC grew its holdings in Coupang by 135.8% in the first quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock valued at $26,000 after purchasing an additional 827 shares during the period. Headinvest LLC acquired a new stake in shares of Coupang in the third quarter worth approximately $29,000. Register Financial Advisors LLC purchased a new position in Coupang in the 1st quarter worth approximately $50,000. NBC Securities Inc. bought a new stake in Coupang in the third quarter valued at about $51,000. Finally, Nomura Asset Management Co. Ltd. grew its position in Coupang by 27.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company’s stock worth $138,000 after purchasing an additional 1,821 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Stock Up 2.1 %

Shares of CPNG stock traded up $0.48 during midday trading on Friday, reaching $22.98. 9,203,360 shares of the stock were exchanged, compared to its average volume of 13,089,098. 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 firm has a market cap of $41.21 billion, a PE ratio of 30.44 and a beta of 1.13. The company’s 50 day moving average is $19.52 and its two-hundred day moving average is $17.14. 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 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.40 billion. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. On average, equities research analysts predict that Coupang will post 0.34 EPS for the current year.

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.