Analysts Set Coupang, Inc. (NYSE:CPNG) PT at $25.39

Coupang, Inc. (NYSE:CPNG) has earned an average rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $25.3917.

Several research analysts have recently issued reports on CPNG shares. Mizuho set a $22.00 target price on shares of Coupang in a research note on Wednesday, August 5th. Barclays reissued an “overweight” rating and set a $29.00 price target on shares of Coupang in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $23.00 to $21.50 in a report on Wednesday, August 5th. CLSA assumed coverage on Coupang in a research note on Monday, June 15th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, The Goldman Sachs Group set a $31.00 target price on Coupang in a report on Thursday, July 9th.

Insider Buying and Selling at Coupang

In other Coupang news, insider Harold Rogers sold 192,110 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $16.18, for a total value of $3,108,339.80. Following the completion of the transaction, the insider owned 740,931 shares of the company’s stock, valued at approximately $11,988,263.58. The trade was a 20.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jonathan D. Lee sold 5,519 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $16.10, for a total transaction of $88,855.90. Following the transaction, the chief accounting officer owned 181,915 shares in the company, valued at $2,928,831.50. This represents a 2.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Coupang by 72.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,316 shares of the company’s stock valued at $99,000 after buying an additional 1,395 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Coupang by 52.8% in the 2nd quarter. Baird Financial Group Inc. now owns 23,471 shares of the company’s stock worth $703,000 after buying an additional 8,107 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Coupang by 48.1% in the 2nd quarter. Cerity Partners LLC now owns 45,252 shares of the company’s stock worth $1,356,000 after buying an additional 14,703 shares during the last quarter. State Street Corp grew its holdings in shares of Coupang by 8.4% in the second quarter. State Street Corp now owns 15,641,775 shares of the company’s stock worth $468,628,000 after acquiring an additional 1,210,801 shares during the period. Finally, AXA S.A. bought a new stake in shares of Coupang in the second quarter worth $411,000. Institutional investors own 83.72% of the company’s stock.

Coupang Price Performance

Shares of NYSE:CPNG opened at $15.26 on Monday. The business has a fifty day moving average price of $16.70 and a 200-day moving average price of $17.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.87 and a quick ratio of 0.68. The company has a market capitalization of $27.43 billion, a PE ratio of -35.49 and a beta of 1.15. Coupang has a 1-year low of $14.92 and a 1-year high of $34.08.

Coupang (NYSE:CPNG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.18. The company had revenue of $8.86 billion for the quarter, compared to analysts’ expectations of $8.92 billion. Coupang had a negative net margin of 2.16% and a negative return on equity of 8.77%. Coupang’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 EPS. As a group, equities analysts expect that Coupang will post -0.46 EPS for the current fiscal year.

About Coupang

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.