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

Shares of Coupang, Inc. (NYSE:CPNG) have received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.50.

A number of equities analysts have issued reports on CPNG shares. Wall Street Zen downgraded Coupang from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Nomura Securities upgraded Coupang to a “strong-buy” rating in a research report on Wednesday, August 6th. Morgan Stanley increased their target price on Coupang from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Nomura raised Coupang from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Coupang in a report on Wednesday.

Insider Buying and Selling at Coupang

In other Coupang news, Director Benjamin Sun sold 815,797 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $31.88, for a total transaction of $26,007,608.36. Following the completion of the transaction, the director owned 503,624 shares of the company’s stock, valued at $16,055,533.12. This represents a 61.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Harold Rogers sold 64,755 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $32.06, for a total value of $2,076,045.30. Following the transaction, the insider directly owned 449,569 shares of the company’s stock, valued at $14,413,182.14. The trade was a 12.59% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 988,983 shares of company stock valued at $31,203,966. 12.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Coupang

Several hedge funds and other institutional investors have recently made changes to their positions in CPNG. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Coupang by 12.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,531 shares of the company’s stock valued at $209,000 after purchasing an additional 1,080 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Coupang by 2,448.7% in the first quarter. GAMMA Investing LLC now owns 55,154 shares of the company’s stock valued at $1,210,000 after purchasing an additional 52,990 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Coupang in the first quarter valued at approximately $264,000. Daymark Wealth Partners LLC acquired a new stake in shares of Coupang in the first quarter valued at approximately $219,000. Finally, Yousif Capital Management LLC increased its holdings in shares of Coupang by 18.8% in the first quarter. Yousif Capital Management LLC now owns 15,554 shares of the company’s stock valued at $341,000 after purchasing an additional 2,458 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Performance

Shares of CPNG stock opened at $32.48 on Friday. The company has a market capitalization of $59.22 billion, a P/E ratio of 162.42 and a beta of 1.18. The business’s 50 day moving average is $30.44 and its two-hundred day moving average is $27.88. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. Coupang has a 12-month low of $19.02 and a 12-month high of $34.08.

Coupang (NYSE:CPNG) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The business had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $8.34 billion. Coupang had a return on equity of 7.47% and a net margin of 1.13%.The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. Analysts expect that Coupang will post 0.17 EPS for the current fiscal 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.