Coupang, Inc. (NYSE:CPNG) Given Average Recommendation of “Hold” by Analysts

Shares of Coupang, Inc. (NYSE:CPNG) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.92.

Several research firms recently issued reports on CPNG. Wall Street Zen cut Coupang from a “hold” rating to a “strong sell” rating in a report on Saturday, March 14th. Nomura lowered their target price on Coupang from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Mizuho dropped their price target on Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Barclays increased their price target on Coupang from $24.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Sanford C. Bernstein reiterated an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd.

Coupang Trading Up 2.5%

CPNG stock opened at $16.61 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Coupang has a 12-month low of $15.03 and a 12-month high of $34.08. The stock has a market cap of $29.81 billion, a price-to-earnings ratio of -184.51 and a beta of 1.20. The business’s 50-day moving average is $18.53 and its 200 day moving average is $20.99.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.48 billion. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Coupang will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Neil Mehta acquired 3,000,000 shares of Coupang stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average price of $18.68 per share, for a total transaction of $56,040,000.00. Following the completion of the transaction, the director owned 52,978,114 shares in the company, valued at $989,631,169.52. This represents a 6.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 7,350,104 shares of company stock worth $136,566,051 in the last quarter. Company insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Coupang

A number of institutional investors have recently added to or reduced their stakes in CPNG. Sunbelt Securities Inc. purchased a new position in Coupang during the third quarter worth approximately $26,000. Reflection Asset Management purchased a new stake in shares of Coupang during the 4th quarter valued at approximately $28,000. Orion Capital Management LLC purchased a new stake in shares of Coupang during the 3rd quarter valued at approximately $32,000. Webster Bank N. A. raised its position in shares of Coupang by 325.8% during the 1st quarter. Webster Bank N. A. now owns 1,699 shares of the company’s stock valued at $32,000 after buying an additional 1,300 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Coupang by 1,250.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock valued at $35,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

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.