Coupang (NYSE:CPNG) Posts Earnings Results, Misses Estimates By $0.01 EPS

Coupang (NYSE:CPNG) issued its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $6.95 billion. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year.

Coupang Stock Performance

Shares of NYSE CPNG traded up $0.43 during trading hours on Friday, reaching $22.44. 3,408,624 shares of the stock were exchanged, compared to its average volume of 13,300,141. The stock’s fifty day simple moving average is $20.04 and its 200 day simple moving average is $17.31. The firm has a market capitalization of $40.24 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 19.21 and a beta of 1.13. Coupang has a 52 week low of $13.51 and a 52 week high of $23.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CPNG. Bank of America started coverage on Coupang in a research note on Friday, May 3rd. They set a “buy” rating and a $30.00 price target on the stock. Mizuho upped their price target on Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of 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 research report on Thursday, February 29th. Citigroup upped their target price on shares of Coupang from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TheStreet raised Coupang from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Coupang has an average rating of “Moderate Buy” and a consensus price target of $25.42.

Insider Transactions at Coupang

In other news, insider Harold Rogers sold 139,080 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the transaction, the insider now owns 394,192 shares of the company’s stock, valued at $7,194,004. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coupang news, insider Harold Rogers sold 139,080 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the sale, the insider now owns 394,192 shares of the company’s stock, valued at $7,194,004. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Svf Investments (Uk) Ltd sold 31,614,154 shares of the business’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 value of $600,985,067.54. Following the sale, the insider now directly owns 364,542,259 shares of the company’s stock, valued at $6,929,948,343.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,355,282 shares of company stock valued at $633,457,030. Company insiders own 14.90% 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.