Coupang, Inc. (NYSE:CPNG) Receives Consensus Rating of “Hold” from Brokerages

Coupang, Inc. (NYSE:CPNG) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned 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 $26.6545.

A number of research firms recently weighed in on CPNG. Sanford C. Bernstein restated an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd. Mizuho dropped their target price on Coupang from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Wall Street Zen downgraded Coupang from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 14th. CLSA began coverage on Coupang in a research report on Monday. They issued an “outperform” rating and a $24.00 target price for the company. Finally, Barclays boosted their target price on Coupang from $24.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd.

Coupang Stock Performance

Shares of CPNG opened at $18.00 on Wednesday. The company has a market cap of $32.32 billion, a PE ratio of -200.01 and a beta of 1.12. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $17.96 and a 200-day moving average price of $19.97. Coupang has a 12-month low of $14.92 and a 12-month high of $34.08.

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

Institutional Trading of Coupang

A number of hedge funds have recently bought and sold shares of CPNG. Dodge & Cox increased its stake in Coupang by 4.9% in the 4th quarter. Dodge & Cox now owns 49,233,320 shares of the company’s stock worth $1,161,414,000 after purchasing an additional 2,285,600 shares during the period. Capital International Investors increased its stake in Coupang by 20.4% in the 4th quarter. Capital International Investors now owns 41,131,036 shares of the company’s stock worth $970,340,000 after purchasing an additional 6,977,942 shares during the period. Tiger Global Management LLC increased its stake in Coupang by 31.7% in the 1st quarter. Tiger Global Management LLC now owns 34,595,407 shares of the company’s stock worth $653,161,000 after purchasing an additional 8,328,148 shares during the period. Vanguard Group Inc. increased its stake in Coupang by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after purchasing an additional 951,812 shares during the period. Finally, Durable Capital Partners LP increased its stake in Coupang by 0.4% in the 3rd quarter. Durable Capital Partners LP now owns 24,833,189 shares of the company’s stock worth $799,629,000 after purchasing an additional 89,207 shares during the period. 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.