Coupang (NYSE:CPNG) PT Raised to $27.00

Coupang (NYSE:CPNG) had its price target lifted by equities researchers at Morgan Stanley from $26.00 to $27.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 28.02% from the stock’s current price.

Other analysts also recently issued reports about the company. Barclays increased their price target on Coupang from $25.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, May 9th. Bank of America began coverage on Coupang in a report on Friday, May 3rd. They issued a “buy” rating and a $30.00 price target for the company. Mizuho increased their price target on Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and increased their price target for the company from $18.50 to $21.00 in a report on Thursday, February 29th. Finally, UBS Group raised shares of Coupang from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.50 to $26.00 in a research report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Coupang currently has a consensus rating of “Moderate Buy” and an average price target of $26.71.

Coupang Stock Down 0.9 %

CPNG stock opened at $21.09 on Wednesday. The stock has a market capitalization of $37.71 billion, a P/E ratio of 30.13, a PEG ratio of 8.72 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.89 and a current ratio of 1.15. Coupang has a one year low of $13.51 and a one year high of $23.77. The company has a 50 day moving average price of $22.20 and a two-hundred day moving average price of $18.72.

Coupang (NYSE:CPNG) last released its earnings results on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $6.95 billion. Coupang had a return on equity of 13.59% and a net margin of 4.96%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. As a group, sell-side analysts expect that Coupang will post 0.13 EPS for the current year.

Insider Buying and Selling at Coupang

In other news, insider Pranam Kolari sold 2,048 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the transaction, the insider now owns 187,951 shares of the company’s stock, valued at $4,198,825.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Pranam Kolari sold 2,048 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the transaction, the insider now owns 187,951 shares of the company’s stock, valued at $4,198,825.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greenoaks Capital Partners Llc purchased 120,239 shares of Coupang stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of $22.53 per share, for a total transaction of $2,708,984.67. Following the transaction, the director now directly owns 48,126,374 shares of the company’s stock, valued at approximately $1,084,287,206.22. The disclosure for this purchase can be found here. Insiders sold a total of 753,538 shares of company stock valued at $15,662,818 in the last ninety days. Insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Coupang

Several large investors have recently modified their holdings of the stock. Invesco Ltd. lifted its holdings in Coupang by 61.1% in the third quarter. Invesco Ltd. now owns 921,619 shares of the company’s stock worth $15,668,000 after acquiring an additional 349,602 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Coupang in the third quarter worth about $370,000. Federated Hermes Inc. lifted its holdings in Coupang by 34,482.5% in the third quarter. Federated Hermes Inc. now owns 286,343 shares of the company’s stock worth $4,868,000 after acquiring an additional 285,515 shares during the last quarter. Northern Trust Corp lifted its holdings in Coupang by 5.5% in the third quarter. Northern Trust Corp now owns 2,730,835 shares of the company’s stock worth $46,424,000 after acquiring an additional 142,741 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Coupang by 26.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 15,994 shares of the company’s stock worth $272,000 after acquiring an additional 3,334 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

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.