Coupang, Inc. (NYSE:CPNG) Receives $27.56 Consensus Target Price from Analysts

Coupang, Inc. (NYSE:CPNG) has been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $27.56.

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

Coupang Stock Down 4.1 %

Coupang stock opened at $22.56 on Friday. The stock’s fifty day moving average is $24.82 and its two-hundred day moving average is $23.15. The stock has a market cap of $40.58 billion, a PE ratio of 39.58, a P/E/G ratio of 215.03 and a beta of 1.07. 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.

Coupang (NYSE:CPNG) last announced its quarterly 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 net margin of 3.57% and a return on equity of 11.52%. The firm’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, sell-side analysts expect that Coupang will post 0.11 EPS for the current fiscal year.

Insider Transactions at Coupang

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 687,700 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average cost of $24.08 per share, for a total transaction of $16,559,816.00. Following the completion of the purchase, the director now directly owns 52,726,423 shares in the company, valued at $1,269,652,265.84. This represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the transaction, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at $45,940,000. The trade was a 88.24 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.

Institutional Trading of Coupang

A number of institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC increased its holdings in Coupang by 269.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,292,886 shares of the company’s stock valued at $31,740,000 after acquiring an additional 942,839 shares in the last quarter. Tidal Investments LLC purchased a new stake in Coupang in the 3rd quarter valued at approximately $5,646,000. Wilmington Savings Fund Society FSB purchased a new position in Coupang during the third quarter worth $1,094,000. Advisory Resource Group lifted its position in shares of Coupang by 1.9% in the third quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock valued at $1,083,000 after acquiring an additional 823 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Coupang by 10.1% during the third quarter. Coldstream Capital Management Inc. now owns 15,517 shares of the company’s stock valued at $382,000 after acquiring an additional 1,427 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

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.