Coupang (NYSE:CPNG) Announces Earnings Results

Coupang (NYSE:CPNG) issued its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05, Briefing.com reports. Coupang had a net margin of 3.87% and a return on equity of 12.04%. The business had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The business’s quarterly revenue was up 27.2% compared to the same quarter last year.

Coupang Stock Down 4.4 %

Shares of CPNG traded down $1.11 on Friday, reaching $24.00. The company’s stock had a trading volume of 7,067,042 shares, compared to its average volume of 9,732,479. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.72. Coupang has a twelve month low of $13.51 and a twelve month high of $26.91. The stock has a market capitalization of $43.05 billion, a PE ratio of 41.52 and a beta of 1.10. The firm has a fifty day moving average of $24.64 and a 200-day moving average of $22.81.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CPNG shares. Sanford C. Bernstein upgraded shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Monday, October 7th. CLSA upgraded shares of 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 report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.56.

Insider Buying and Selling

In other news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the purchase, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Greenoaks Capital Partners Llc acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $22.95 per share, for a total transaction of $2,295,000.00. Following the purchase, the director now owns 50,476,224 shares in the company, valued at approximately $1,158,429,340.80. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Benjamin Sun sold 200,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.36, for a total transaction of $4,672,000.00. Following the completion of the sale, the director now owns 1,969,421 shares of the company’s stock, valued at approximately $46,005,674.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 451,300 shares of company stock worth $10,208,354 and have sold 400,956 shares worth $9,245,164. 13.60% of the stock is currently owned by company insiders.

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.