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

Coupang, Inc. (NYSE:CPNG) has received a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $27.56.

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

Coupang Trading Up 0.1 %

CPNG stock opened at $23.99 on Tuesday. Coupang has a 1-year low of $13.51 and a 1-year high of $26.91. The firm has a market cap of $43.15 billion, a P/E ratio of 42.09, a P/E/G ratio of 217.73 and a beta of 1.10. The business’s 50 day moving average is $24.98 and its 200-day moving average is $22.94. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. Coupang had a return on equity of 11.52% and a net margin of 3.57%. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue was up 27.2% compared to the same quarter last year. Equities analysts anticipate that Coupang will post 0.11 earnings per share for the current fiscal year.

Insider Transactions at Coupang

In other news, Director Greenoaks Capital Partners Llc acquired 750,000 shares of Coupang stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $24.01 per share, with a total value of $18,007,500.00. Following the acquisition, the director now owns 52,038,723 shares in the company, valued at $1,249,449,739.23. This represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $344,550,000.00. Following the transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at approximately $45,940,000. This represents a 88.24 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CPNG. Baillie Gifford & Co. lifted its stake in shares of Coupang by 1.6% in the 2nd quarter. Baillie Gifford & Co. now owns 171,350,025 shares of the company’s stock valued at $3,589,783,000 after purchasing an additional 2,749,027 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Coupang by 31.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 78,865,294 shares of the company’s stock valued at $1,403,015,000 after purchasing an additional 18,894,909 shares during the period. FMR LLC lifted its stake in shares of Coupang by 32.0% in the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after purchasing an additional 6,584,910 shares during the period. State Street Corp lifted its stake in shares of Coupang by 1.9% in the 3rd quarter. State Street Corp now owns 14,125,599 shares of the company’s stock valued at $346,783,000 after purchasing an additional 259,400 shares during the period. Finally, Kontiki Capital Management HK Ltd. lifted its stake in shares of Coupang by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 8,693,468 shares of the company’s stock valued at $154,657,000 after purchasing an additional 159,900 shares during the period. Institutional investors and hedge funds 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.