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

Shares of Coupang, Inc. (NYSE:CPNG) have received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.75.

CPNG has been the subject of a number of recent analyst reports. Bank of America assumed coverage on shares of Coupang in a research report on Friday, May 3rd. They issued a “buy” rating and a $30.00 price target for the company. TheStreet upgraded Coupang from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Barclays boosted their price objective on Coupang from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and increased their target price for the stock from $18.50 to $21.00 in a research report on Thursday, February 29th. Finally, Citigroup upgraded Coupang from a “neutral” rating to a “buy” rating and upped their price target for the stock from $19.00 to $26.00 in a research note on Monday, April 15th.

Coupang Price Performance

Shares of Coupang stock opened at $22.99 on Friday. The stock has a market cap of $41.23 billion, a P/E ratio of 30.65, a P/E/G ratio of 19.21 and a beta of 1.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14. The stock’s fifty day moving average is $19.79 and its 200 day moving average is $17.21. Coupang has a one year low of $13.51 and a one year high of $23.77.

Coupang (NYSE:CPNG) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.40 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. Sell-side analysts anticipate that Coupang will post 0.35 earnings per share for the current year.

Insider Transactions at Coupang

In other news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.01, for a total transaction of $600,985,067.54. Following the sale, the insider now directly owns 364,542,259 shares of the company’s stock, valued at approximately $6,929,948,343.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coupang news, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of Coupang stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $19.01, for a total value of $600,985,067.54. Following the completion of the transaction, the insider now directly owns 364,542,259 shares of the company’s stock, valued at approximately $6,929,948,343.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Harold Rogers sold 139,080 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $18.25, for a total transaction of $2,538,210.00. Following the completion of the sale, the insider now owns 394,192 shares in the company, valued at $7,194,004. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,355,282 shares of company stock valued at $633,457,030. 14.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coupang

Several institutional investors have recently modified their holdings of CPNG. Global Retirement Partners LLC grew its holdings in Coupang by 135.8% during the 1st quarter. Global Retirement Partners LLC now owns 1,436 shares of the company’s stock valued at $26,000 after purchasing an additional 827 shares during the last quarter. Headinvest LLC bought a new position in shares of Coupang during the third quarter valued at approximately $29,000. Register Financial Advisors LLC purchased a new stake in shares of Coupang in the first quarter worth approximately $50,000. NBC Securities Inc. bought a new stake in shares of Coupang during the 3rd quarter worth approximately $51,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Coupang by 27.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,528 shares of the company’s stock valued at $138,000 after acquiring an additional 1,821 shares during the period. 83.72% of the stock is owned by institutional investors.

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.