Coupang (NYSE:CPNG) Upgraded at Citigroup

Citigroup upgraded shares of Coupang (NYSE:CPNG) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. Citigroup currently has $19.00 price target on the stock.

A number of other brokerages also recently issued reports on CPNG. Weiss Ratings reiterated a “sell (d)” rating on shares of Coupang in a research report on Monday. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and decreased their target price for the company from $23.00 to $21.50 in a research note on Wednesday, August 5th. Barclays restated an “overweight” rating and issued a $29.00 price objective on shares of Coupang in a research report on Tuesday, July 7th. Mizuho set a $22.00 target price on Coupang in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group set a $31.00 target price on Coupang in a research report on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Coupang has a consensus rating of “Hold” and a consensus target price of $23.41.

Coupang Stock Down 0.9%

Shares of NYSE CPNG opened at $16.27 on Wednesday. The stock has a market cap of $29.25 billion, a PE ratio of -21.41 and a beta of 1.15. The business has a fifty day moving average of $14.74 and a two-hundred day moving average of $17.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 0.87. Coupang has a 52-week low of $13.35 and a 52-week high of $29.50.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, November 3rd. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The business had revenue of $9.96 billion for the quarter, compared to analyst estimates of $9.76 billion. Coupang had a negative return on equity of 8.77% and a negative net margin of 2.16%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. As a group, equities research analysts expect that Coupang will post -0.61 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Jonathan D. Lee sold 5,519 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $13.65, for a total transaction of $75,334.35. Following the completion of the sale, the chief accounting officer owned 176,396 shares in the company, valued at approximately $2,407,805.40. This represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Harold Rogers sold 192,110 shares of Coupang stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $16.18, for a total transaction of $3,108,339.80. Following the transaction, the insider directly owned 740,931 shares of the company’s stock, valued at $11,988,263.58. This represents a 20.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 203,148 shares of company stock valued at $3,272,530 in the last quarter. Company insiders own 12.83% of the company’s stock.

Institutional Investors Weigh In On Coupang

Hedge funds have recently added to or reduced their stakes in the company. Tiger Global Management LLC grew its holdings 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 acquiring an additional 8,328,148 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Coupang by 112.3% during the third quarter. Assenagon Asset Management S.A. now owns 28,102,139 shares of the company’s stock valued at $389,777,000 after buying an additional 14,865,737 shares in the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of Coupang by 98.3% in the 1st quarter. Coronation Fund Managers Ltd. now owns 11,771,286 shares of the company’s stock valued at $222,242,000 after purchasing an additional 5,835,072 shares during the period. Dimensional Fund Advisors LP increased its holdings in Coupang by 20.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,366,766 shares of the company’s stock valued at $82,404,000 after buying an additional 732,300 shares during the period. Finally, Tree Line Advisors Hong Kong Ltd. bought a new stake in Coupang in the second quarter valued at about $67,743,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Trending Headlines about Coupang

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Analyst actions are broadly supportive: Barclays raised its price target to $32 and maintained an Overweight rating, while Citi upgraded Coupang to Buy with a $19 target. Barclays rating Citi upgrade
• Positive Sentiment: Q3 constant-currency revenue grew 11% year over year, and Taiwan WOW membership more than doubled. These growth figures may help reinforce the longer-term expansion story. Q3 investor takeaways
• Neutral Sentiment: Wall Street analyst coverage remains divided: Bernstein cut its target to $11 and kept an Underperform rating, contrasting with the recent upgrades. Bernstein rating
• Negative Sentiment: A Seoul court dismissed Coupang’s suit challenging a fine from South Korea’s data-protection agency, leaving an adverse regulatory decision in place and adding legal risk. Court ruling
• Negative Sentiment: Despite revenue exceeding estimates, Coupang’s latest quarterly EPS missed analysts’ expectations, and coverage highlighted widening losses. That earnings-quality concern may temper optimism around the growth and analyst upgrades. Q3 growth and losses analysis

About Coupang

Coupang, Inc is an e-commerce and technology company best known for its online marketplace in South Korea. The platform offers products across categories such as electronics, apparel, household goods and groceries, combining third-party sellers with retail operations and a network of fulfillment and delivery services.

Its services include Rocket Delivery for rapid shipping, Rocket Fresh for grocery delivery and Coupang Eats for food delivery. Coupang also offers Coupang Play, a video-streaming service, and operates a paid membership program called Rocket Wow.