Coupang, Inc. (NYSE:CPNG) Given Consensus Rating of “Moderate Buy” by Brokerages

Coupang, Inc. (NYSE:CPNG) has received an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $27.56.

A number of analysts have recently weighed in on the stock. Citigroup cut their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Sanford C. Bernstein raised Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Monday, October 7th.

Coupang Stock Performance

Shares of CPNG stock opened at $23.54 on Friday. The business has a fifty day moving average of $23.10 and a 200 day moving average of $23.39. Coupang has a 1 year low of $13.51 and a 1 year high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The firm has a market capitalization of $42.35 billion, a price-to-earnings ratio of 41.30, a price-to-earnings-growth ratio of 41.66 and a beta of 1.10.

Coupang (NYSE:CPNG) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. The firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. As a group, research analysts expect that Coupang will post 0.14 earnings per share for the current year.

Insider Activity at Coupang

In other news, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total value of $344,550,000.00. Following the sale, the chief executive officer now owns 2,000,000 shares in the company, valued at $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Greenoaks Capital Partners Llc bought 750,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were bought at an average cost of $24.01 per share, with a total value of $18,007,500.00. Following the purchase, the director now directly owns 52,038,723 shares of the company’s stock, valued at approximately $1,249,449,739.23. This represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 13.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coupang

Institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. boosted its stake in shares of Coupang by 3.4% in the fourth quarter. D.A. Davidson & CO. now owns 125,539 shares of the company’s stock worth $2,759,000 after acquiring an additional 4,166 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Coupang by 12.1% during the 4th quarter. CIBC Asset Management Inc now owns 61,305 shares of the company’s stock worth $1,347,000 after purchasing an additional 6,596 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after buying an additional 1,986 shares in the last quarter. Rhumbline Advisers raised its position in shares of Coupang by 3.5% in the fourth quarter. Rhumbline Advisers now owns 1,820,209 shares of the company’s stock valued at $40,008,000 after buying an additional 62,204 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Coupang by 39.3% in the fourth quarter. V Square Quantitative Management LLC now owns 9,417 shares of the company’s stock worth $206,000 after buying an additional 2,656 shares in the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

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.