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

Shares of Coupang, Inc. (NYSE:CPNG) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment 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 analysts that have issued ratings on the stock in the last year is $27.56.

Several brokerages have recently commented on CPNG. CLSA raised shares of Coupang from a “hold” rating to an “outperform” rating and raised their price objective for the stock from $18.00 to $31.00 in a research report on Wednesday, September 4th. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Monday, October 7th.

Coupang Stock Performance

Shares of CPNG opened at $23.89 on Friday. The firm’s fifty day simple moving average is $24.97 and its two-hundred day simple moving average is $23.15. Coupang has a 12 month low of $13.51 and a 12 month high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $42.97 billion, a P/E ratio of 41.91, a price-to-earnings-growth ratio of 215.03 and a beta of 1.07.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, analysts predict that Coupang will post 0.11 EPS for the current year.

Insider Activity

In related news, Director Greenoaks Capital Partners Llc acquired 687,700 shares of the company’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the purchase, the director now owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. The trade was a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Bom Kim sold 15,000,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the sale, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at approximately $45,940,000. The trade was a 88.24 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Coupang during the second quarter worth $175,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Coupang in the 2nd quarter worth about $1,130,000. Blue Trust Inc. purchased a new stake in Coupang during the second quarter worth about $231,000. TCW Group Inc. raised its position in Coupang by 6.4% in the second quarter. TCW Group Inc. now owns 16,781 shares of the company’s stock worth $352,000 after acquiring an additional 1,007 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Coupang by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 373,672 shares of the company’s stock valued at $7,828,000 after acquiring an additional 1,125 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Company Profile

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.